Recent Surveys Show Millennial Interest in Crypto Investments, While 3% of China Is already Involved
In a survey by Wu Xiaobo Channel that involved 100,000 Chinese citizens, many different statistics about the cryptocurrency investors in the world have come to light. One of the most notable details is that there is 3% of the entire Chinese population, which is over 41 million people. However, about 25% of the millennials right now plan to get involved in the next 12 months, according to Circle. Furthermore, a survey held by Rathbone Investment Management discovered that London is the most bullish of any of the UK on cryptocurrency, beating out the other countries by twice over.
The survey of the Chinese citizen also noted that over half of those investors (over 20 million people) have enough household wealth that 10% has been allocated to cryptocurrency. As far as the middle-class citizens, about 3% claim to have made investments, even though they have a reputation for being more conservative with their finances.
The Circle survey revealed important information about other generations as well. As far as GenX-ers, about 10% plan to get involved, while only 2% of Baby Boomers had interest. Overall, men were more bullish than women on these accounts, considering 17% of them showed interest, while 8% of women did the same.
As for the Rathbone Investment Management survey, about 13% of UK citizens revealed their intention to invest with cryptocurrency soon. However, in comparison with the rest of the UK, approximately 30% of Londoners specifically have interest. The investment director, Robert Hughes Penney, said, “Lucrative returns made by the early adopters of bitcoin and other cryptocurrencies have been widely publicized. These early investors have been followed by others looking to make similar gains. These figures suggest there are a number of investors in London with shorter investment goals who have been more susceptible to the so-called bitcoin craze, while outside of the capital investors have mostly stayed clear of what is a high-risk asset class.”