Surveys Conclude Millennials Prefer to Date Those Who Have Knowledge on Crypto
The crypto market has gained mixed opinions ever since it has been brought to light. While many are for the technology at hand as well as the significant difference it can make on how traditional systems work, others view it as a total setback. As per conducted surveys, millennials are more likely to see the potential in Bitcoin [BTC] and its likes compared to the older generations.
As reported by news.Bitcoin.com, a said study found that “Over 75% of millennials [are] more likely to date someone knowledgeable about cryptocurrencies.” However, a small portion, namely, 12% of the participants would rather be paired with “a non-violent felon”, as opposed to “someone who has all their savings in cryptocurrencies.” The reason as to why this comparison was made remains unclear. However, it may either have to do with the volatility behind cryptocurrencies or the lack of compliance to regulation on most crypto investors’ part.
Furthermore, the survey found that nearly 40% of participants own cryptocurrencies. When assessing in terms of gender representation within the crypto sphere, it seems that men are the ones to dominate, as a little under 50% of men and 26% of women have crypto holdings. This being said, it is vague as to the original count of respondents on a gender basis.
Earlier last month, it was revealed that a survey conducted on U.S residents concluded that at least 10% of millennials sold their crypto holdings to make a down payment for their future homes. A U.K-based survey found that nearly 20% of individuals ranging from 21 to 35 years of age prefer the likes of bitcoin as a potential investment over traditional, realtor sector.
In particular, it is BTC’s outstanding performance that appeals millennials than “the prospect of steady growth in house prices.” As for Canadian, crypto investors, nearly 40 % define the digital assets as being able to bring higher return on investments (ROI) – with a similar percent of individuals admiring its overall performance.
Do you think the way millennials define cryptocurrencies is sound? Are they right in thinking that the crypto market can outperform its competition– given the fact that the market still has room for development?