Trio of Bitcoin Studies Show Interest and Demand for Crypto Increasing
Interest and Demand for Crypto Increasing
Crypto is being adopted at higher rates among various demographics and geographies, such as among millennials and Chinese investors. Unfortunately, when it comes to the latter geographical group, China has been curtailing the crypto industry since last September. As for millennials, they are seeing crypto as a safe haven asset in case the market crashes.
Various surveys have been conducted and they’ve found that over three percent of Chinese nationals are crypto investors. As for millennials, one in four is keen on investing in crypto. Further, UK-based Rathbone Investment Management concluded that London residents are twice as optimistic about the future price of crypto compared to the rest of the country.
Further, Wu Xiaobo Channel conducted a study called 2018 New Middle-end White Paper, which surveyed over 100,000 citizens from various wealth, occupational, value, and family backgrounds. The study determined that over three percent of people invested in crypto and the investors placed over ten percent of their household wealth into crypto.
It is also expected that Chinese investment in crypto will group, even given that the government has placed strict regulations on the industry. Another platform, Circle, conducted a survey based on age demographic and found that millennials showed the most interest.
As for generation X and Baby Boomers, they have a different stance on crypto. According to studies, the former group expresses little interest, while the latter shows very little interest in crypto.
In terms of gender, men were twice as bullish on crypto, as compared to women. Rathbone Investment Management also determined, in a study, that when it comes to the UK, 13% of locals were planning on investing in crypto in the near future and that that optimism about crypto’s future varies.
Robert Hughes Penny, Investment Director of Rathbone stated:
“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.”