Two thirds of the millennials consider Bitcoin as a safe port (survey)

Two thirds of the millennials consider Bitcoin as a safe port (survey)

A study by Banklesstimes showed that 67 % of the respondents between the ages of 27 and 42 consider Bitcoin as a safe port.

Earlier polls have shown that millennials are among the most active demographic groups in the cryptocurrency room and have a friendlier attitude than older generations.

BTC is developing into an important asset for millennials

According to Jonathan Merry-CEO of Banklesstimes-the primary cryptocurrency is an important investment instrument for millennials because it offers financial freedom and enables them to diversify in times of economic uncertainty.

Those born between 1981-1996 are more open to digital innovations and deal with BTC rather than generation X and baby boomers. Older people mostly remain conservative by sticking to Fiat currencies and expressing skepticism over the cryptos sector.

Most Millennials who took part in the survey believe that Bitcoin will become the mainstream in the following years. You also see it as a better monetary instrument than the dollar, the euro or any other national currency.

The decentralized character of the asset and the limited upper limit seem to be the most important advantages for the demographic group in order to classify it as a safe port.

to remain outside the reach of the central banks means that Bitcoin is not the subject of dubious monetary policy that is introduced by governments. His maximum offer of 21 million coins, which ever existed, made many believe that it could serve as security against inflation. The scarcity could also increase the USD assessment of the asset in the future if demand remains the same or increases.

On the other hand, several central banks printed colossal money amounts during the Covid 19 crisis to support households and closed companies. This step led to a record inflation, among other factors in many countries. The rate in the United States reached 9.1 %in June last year, a four-decades high.

Millennials and their crypto grant

Another study that was carried out in 2021 Preserver-Spaces = "True"> showed that almost 50 % of the millennial millionaires invested at least a quarter of their wealth in crypto drives have.

36 % of the Millennials and 51 % of generation Z it was Ready in November 2021 in Bitcoin. At that time, the primary cryptocurrency was traded at around $ 65,000 (quite close to the all -time high of almost $ 70,000).

Despite the Baisse in 2022, the population group did not lose interest in the investment class. An alto survey from last summer unveiled that 40 % of US millennials are Hodler. You also consider crypto as a more attractive investment instrument as an investment fund.

In addition, 45 % of the millennials and 46 % of the gene z are considered as part of their pension in digital assets. According to Charles Schwab's survey, almost half of the participants have already jumped on the train outside of their 401 (K) account.

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