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Millennials Dig Crypto, With 27% Preferring Bitcoin (BTC) Over Stocks: Research

May 01, 2019

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New research indicates a rising number of Millennials in the US are more interested in Bitcoin than stocks as a form of investment.

The survey, which was carried out by Harris Research on behalf of venture capital firm Blockchain Capital, shows younger Americans are shaping the perception and adoption of digital assets.

‘Bitcoin is a Positive Innovation in Financial Technology’ (% that ‘strongly’ or ‘somewhat’ agree)
‘Propensity to Purchase Bitcoin’ (% that ‘very’ or ‘somewhat’ likely to purchase Bitcoin in the next 5 years)
‘It’s Likely that Most People Will Be Using Bitcoin in the Next 10 Years’ (% that ‘strongly’ or ‘somewhat’ agree)

The survey gathered responses from 2,029 American adults. Partner at Blockchain Capital, Spencer Bogart, explains,

“To help put the millennial proclivity to Bitcoin in perspective: Only 37% of people under 35 are invested in the stock market — so the data point that 20% of those in the same group own Bitcoin is particularly surprising.”

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When asked which they would prefer to own $1,000 of, most respondents said they would prefer Bitcoin to government bonds.

Bitcoin Preferences

  • 30% prefer Bitcoin to government bonds

  • 27% prefer Bitcoin to stocks

  • 24% prefer Bitcoin to real estate

  • 22% prefer Bitcoin to gold

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