30% Of Millennials Invest In CryptocurrencysteemCreated with Sketch.

in #bitcoin7 years ago

The price of bitcoin has soared from $1,012 a year ago to $15,417 last week

30% of those in the 18-to-34-age range would rather invest $1,000 in Bitcoin than $1,000 in government bonds or stocks. says Blockchain Capital

see more here https://www.forbes.com/sites/andrewarnold/2018/01/07/30-of-millennials-invest-in-cryptocurrency-here-are-3-tips-to-help-you-do-it-smarter/#35c73ada7861

The same study also indicates that 42% of millennials have heard about Bitcoin, compared with 15% awareness among those aged 65 and up.

It’s safe to say that this year, more institutional investors will start trading cryptocurrencies, especially Bitcoin.

and we are just in the 2nd or 3rd inning of this cryptocurrency journey and still a long way to go, of course the millenials would be into checking out bitcoin more because they are usually more tech savy then the older generation. despite it still being a difficult thing to understand im surprised how many people are getting into it

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I'm not too surprised that people are getting into bitcoin without understanding it. I don't recommend people use that approach at all, but it's a common thing for us humans :) To be frank, we follow the money, even when we don't understand.

Ironically, I also think that it's not something that's really that difficult to understand if we bothered to take a bit of time to understand it.

Wow, we have an entire generation of people fully ready to embrace alternative digital currency. We are watching economy 2.0 forming before our very eyes. @ironshield

I think the biggest problems for millenials in emerging markets is access. You're literally talking about billions of potential investors, whose governments simply aren't aiding the process (no surprise why). Check out a recent article of mine on the place of cryptocurrencies in Africa, I'd love to hear what you think: https://steemit.com/blockchain/@rebeccamqamelo/the-crypto-diaries-blockchain-in-africa).

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