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The South Korean press agency Yonhap reported that according to a recent survey, people in their twenties are the first. in investment cryptocurrency. The results are not surprising – younger generations around the world prefer to invest in this new industry rather than in stocks and bonds.
The Korea Financial Investors Protection Foundation surveyed 2,530 people between the ages of 25 and 64, and found that 22.7% of people aged 20 and over bought cryptocurrencies. They were followed by people in the thirties of 19.3%, 40 years by 12%, 60 years by 10.5% and 50 years by 8.2%.
However, 60 – year – olds invested the most money in cryptocurrency with an average total of 6.58 million won ($ 6,119). The 50, 40, 30 and 20 year olds invested 6.28 million won ($ 5,840), 3.99 million won, 3.73 million won ($ 3,710) and 29.3 million won (2 $ 724) respectively. In total, 70.2% bought cryptocurrencies as a means of investment, while 34.1% bought them to pay for goods and services.
Other surveys of cryptocurrency adopters
Outside of South Korea, Blockchain Capital, a venture capital firm, surveyed more than 2,000 Americans aged 18 to 34 in November 2017. The results showed that 30% had $ 1,000 worth of Bitcoin or "but only 2% of them had cryptocurrency now or in the past." Blockchain Capital Managing Director Spence Bogart said, "The results of the investigation reinforce our belief of the huge opportunity that announces for Bitcoin. "
Another poll conducted by London Block in December 2017 found that out of 2,000 Britons, 5% of those under age 45 were cryptocurrency investors, while 11% planned to invest the following year. . It has also been reported that 2018 is the year when one expects that a third of millennials will invest in cryptocurrency.
Thus, millennia show a different approach to investing compared to their ancestors. A 35-year-old man in the 1990s would look at real estate to buy properties, buy certificates of deposit (CDs) or buy retirement packages. But today, a 35 – year – old man plans to invest more money in the future decentralized investments – by buying BTC, ETH or by contributing to ICOs.
Analysts have even said that people are choosing Bitcoin rather than gold – last year, Phillip Streible of RJO Futures said, "Bitcoin has stolen a significant share of the market. gold." "The millennial generation started generating revenue during the aftermath of the 2008 financial crisis, and many do not fully trust traditional financial services or the system in which they operate."
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