Once again it turns out that the milleniums buy digital currencies. London law company Michelmores LLP conducted a survey among such people from wealthy families in Great Britain and found that 20% of them have invested in Bitcoin (BTC) and other cryptocurrencies
The survey was published by FXStreet on 17 September. It turns out that among people born in the years 1981-1996 who own investment assets with a value of min. 25 000 GBP (31 000 USD) or more, as much as 20% have already invested in a new class of assets – cryptocurrencies or tokens.
Milleniums want Bitcoin
As FXStreet notes, this figure is much higher than the national average of 3%, indicating that wealthy milleniums in the UK are almost 7 times more likely to invest in cryptocurrencies than the general public.
Moreover, when it comes to the generation of millenials with assets worth over GBP 75,000 (USD 93,000), the percentage of investors who buy crypto increased to 29%. 70% of respondents indicated that their funds to invest in cryptocurrencies came from salary, and 40% said that they gained it thanks to returns on previous investments.
Interest in investment opportunities is said to translate into high proficiency in online trade infrastructure: 35% of respondents said they are investing on digital platforms.
The rest of the population
The results of a July study in the US by Bankrate showed that cryptocurrencies are three times more popular among the american milleniums than any other long-term investment option.
In turn, as many as 26% of the Z generation in the United States – this is how people born after 1997 are described in general terms. – They stated that they will probably or very probably buy cryptocurrencies within the next six months.
Bitcoin as a cure for recession?
Guy Hirsch, Managing Director of eToro U.S., also recently said that:
We believe that if there had been a recession, we would have seen a shrinking stock wallets and an increase in other asset classes, such as cryptocurrencies, as well as new partial ownership models. Historically, these investment opportunities have been limited to high net worth investors and institutional investors, but innovation unlocks these opportunities for daily investors and these results indicate that there is demand for them.
He believes that cryptocurrencies can gain during the recession.