April 19, 2024

BanklessTimes: Millennials See Bitcoin as a Safe Investment

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BanklessTimes: Millennials See Bitcoin as a Safe Investment

A survey conducted by BanklessTimes found that 67% of respondents in the age group were from27 to 42 years oldconsider BTC a "safe haven" due to its decentralization and limited supply.

Millennials are one of the most active groups in the cryptocurrency industry, they sayTheir attitude towards bitcoin and altcoins turned out to be much friendlier than that of older generations.

According to the CEO of BanklessTimesJonathan Merry, cryptocurrency is a vital and useful investment tool for millennials, as it offers financial freedom and the ability to diversify savings during times of economic uncertainty. Those born between 1981 and 1996 are more open to digital innovation and are more likely to interact with BTC than those born earlier. Older generations for the most part adhere to conservative fiat (state, paper) money and show skepticism towards the crypto industry.

Many millennials who participated in the surveyWe are confident that Bitcoin will become mainstream in the next few years. They see cryptocurrency as a more promising monetary instrument than the dollar, euro or any other national currency.

At the same time, as a result of trading on the cryptocurrency market in the first week of February, the BTC rate decreased by approximately 7%.