More than a quarter of UK millennials prefer Bitcoin to real estate: Survey
Sign of the change of attitude towards traditional investments and finance, a study by a real estate developer in the United Kingdom revealed that 27% of millennia men consider bitcoin as a better investment than the property.
According to real estate developer Get Living, part of the reason why the demographic group saw bitcoin as a more attractive investment was the fact that millennia consider that the flagship cryptocurrency has a greater appreciation potential compared to 'immovable.
"For the Millennials, the soaring performance of Bitcoin - followed by a correction almost as deep - holds more intrigue than the prospect of sustained growth in real estate prices," noted the survey conducted in March and April in the cities of the United States. Kingdom.
Not just property, stocks and bonds
This is not the first time that an above-average preference for BTC and other cryptocurrencies compared to other assets and investments has been observed among millennials.
Last year, in November, Blockchain Capital, a venture capital firm, conducted a survey in the United States that found that people aged 18 to 34 preferred to own bitcoin rather than stocks or bonds. 'State.
The poll by Harris Poll on behalf of the venture capital firm revealed that 27% of Millennials and Millennials would rather own $ 1,000 worth of bitcoins than stocks of the same value. For male millenials in particular, 38% indicated that they preferred BTC to stocks.
In terms of bonds, 30% of men and women in the millennium indicated a preference for bitcoin over government bonds. When it came to real estate, 22% preferred crypto-currency flagship, while in the case of gold 19% chose cryptocurrency on the precious metal.
Generation Y is the most demographically crypto-savvy
In each case, Generation Y men were more prone to bitcoin than their female counterparts. For example, 26% of Generation Y men preferred BTC to real estate, 43% compared to government bonds and 31% to cryptocurrency versus gold.
According to the survey, the millennial population has benefited from greater awareness of cryptocurrencies compared to other age groups. For example, 42% of millennials had heard of bitcoin compared to just 15% of people aged 65 and over.
As further evidence of the millennia 's hearty embrace of Bitcoin, The Student Loan Report released a survey in March this year that showed that in the United States 21.2% of students had used their financial aid to buy cryptocurrencies.
A thousand students participated in the study, which was conducted by Pollfish on behalf of student loan between February 22, 2018 and March 18, 2018, a few months after bitcoin and other cryptocurrencies reached record highs.