New Survey Reveals 27% Of Young Professionals Prefer Bitcoin Over Stocks
A New Survey by Blockchain Capital has revealed an increase in the popularity of Bitcoin. Demographics like Young Professionals (young people aged 18-34) are now putting more of their money into crypto assets like Bitcoin.
If you asked us, we would say it’s a no brainer. Of course, young people are into bitcoin more than older demographics.
But it’s still interesting to see the data.
From Forbes:
Data collected by Harris Poll on behalf of Blockchain Capital
“Changes in the popularity of Bitcoin from October 2017 to April 2019 covered include:
- The percentage of people who are unaware of Bitcoin dropped from 23% to 11%
- The percentage of those aged 18-34 who describe themselves as at least “somewhat familiar” with Bitcoin rose from 42% to 60%.
- The percentage of respondents who have a positive view on Bitcoin as a new innovation in financial technology rose from 34% to 43%.
- The percentage of respondents who strongly or somewhat agree that most people will be using Bitcoin in the next 10 years rose from 28% to 33%.
- Despite the bear market, the percentage of people who indicated they are likely to buy bitcoin in the next 5 years rose from 19% to 27%.
Examples of this greater openness to bitcoin from the younger generations include:
- Three times as many people in the 18-34 age group are at least “somewhat familiar” with bitcoin as those 65 and older.
- 59% of the 18-34 age group have a positive view on Bitcoin as a financial innovation, but only 24% of those 65 and older feel that way.
- In terms of future adoption, 48% of the 18-34 age group think most people will be using bitcoin in 10 years, while only 16% of those 65 and older believe that will be the case.
- 42% of those in the 18-34 age group say they are likely to buy bitcoin within the next 5 years, while only 8% of those 65 and older claim they will make such an investment.
- 20% of millennials claim they own some bitcoin. Only 2% of those 65 and older claim to have any bitcoin.”
