Get trading recommendations and read the analysis on Hacked.com for only $ 39 a month.
Younger Americans are much more likely to invest in ethereum, bitcoin and other cryptocurrencies than people from older age groups.
According to a survey commissioned by the student loan consolidation service LendEDU and conducted by OnePoll, American adults aged 18 to 34 are much more aware of cryptocurrencies than older generations and are therefore much more likely to invest in cryptography. assets.
Following a September study that measured interest in Bitcoin, LendEDU surveyed 1,000 US citizens about their familiarity with etheric and ripple, the second and third largest market-cap cryptocurrencies, as well as the initial offers of coins (ICOs
About 32% of those surveyed said they had heard of the Ethereum, 18% of them adding that they were considering buying Ethereal as investment. Twenty-two percent said they heard of a wave of training and nearly 15% confirmed that they had plans to invest in XRP, the local currency Consensus Ledger (RCL)
.
33.8% of respondents between the ages of 25 and 34 years Plan for Investment in the Ethereum | Chart of LendEDU
However, the results vary greatly according to age. For example, although only 32% of respondents have heard of the ethereum, about one-third of those aged 18 to 34 plan to invest in ethereum. Similarly, 25% of the youngest respondents indicated that they intended to invest in XRP, even though only 22% of survey respondents had heard of a wave of # 39; drive. On the other end of the spectrum, only 9% of people aged 55 and over intend to invest in the ether, and only 1.3% intend to invest in the ether, and only 1.3% intend to invest in the ether, and only 1.3% intend to invest in XRP.
LendEDU also asked interviewees about their familiarity with initial coin offerings, which are blockchain-based fundraisers that have been around since 2013 but have not permeated the consciousness dominant until this year. These results were not disaggregated by age, but about 25% of people said they heard about IFAs, and 15% said they plan to contribute to an IFA in the future. However, 21% of participants responded in the affirmative to the question of whether IFAs were illegal.
Although it is unclear how many people will respond to their declared intentions to invest in cryptocurrency, their openness to digital assets partially confirms the thesis that younger investors will likely use bitcoin and other cryptocurrencies like valuable stores. gold and other precious metals. Based on this observation, Tom Street strategist Tom Lee predicts that bitcoin will claim at least 5% of the gold market share in the next 5 years, bringing the bitcoin price to $ 25,000.
Image from Shutterstock to photo