Research: 67% of Millennials Will Invest in Bitcoin

According to the latest research from SimpleMoneyLyfe, more than half of millennials prefer to invest inBitcoin, not gold.

Analytical company SimpleMoneyLyfe conductedown research on the development of the cryptocurrency market. According to the findings, the main investors will remain millennials. The survey showed that 67% of this generation will invest in Bitcoin.

"700+ Millennials live in North America, Britain, Asia, Africa, the Middle East, East Asia, Australia and Latin America, all of whom were born between 1980 and 1996.", said the study.

The cryptocurrency market remains "male"

SimpleMoneyLyfe experts have found that the vast majority of participants in this sector are men. Today, 85% of men and only 15% of women work in cryptocurrencies.

In addition, men are more knowledgeable about Bitcoin.In the survey, 78% of male respondents reported being aware of Bitcoin, while only 71% of female respondents were aware of this particular digital asset (18+ and older).

If we talk about raceof participants in the cryptocurrency market, studies show that the Caucasians (80%) are better informed about cryptocurrencies, while only 61% of African Americans and 66% of Hispanics know what Bitcoin is.

The most famous cryptocurrency investors are Cathie Woods, who runs a powerful set of ETFs - ARK ETF, and Tim Draper, the legendary venture capitalist.

Blockchain technology market capitalization to reach $ 40 billion by 2025

SimpleMoneyLyfe analysts came tothe conclusion that the total capitalization of blockchain technologies will exceed $ 40 billion. At the same time, the blockchain will be used in dozens of different sectors. The main consumers of blockchain technologies will be the spheres of logistics, cybersecurity, healthcare, archives, the banking sector and others.

Let us remind you that analysts at Million Insights predict that the capitalization of the blockchain technology market will grow to $57 billion by 2025.

The leader in the use of blockchain will remaincryptocurrency market, as the digital currency sector will develop rapidly. At the moment, 66% of the cryptocurrency market belongs to Bitcoin, while 20% of all mined digital coins are lost forever due to the fault of wallet holders who simply forgot the vault password. To regain access from wallets, coin holders resort to the services of hackers, psychics, hypnotists and even intelligence officers.

The full study can be viewed here.

Where is it more profitable to buy cryptocurrency?

For the safe and convenient purchase of cryptocurrencies, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support the deposit and withdrawal of funds in rubles, hryvnias, dollars and euros.

The most reliable sites with the highest turnoverfunds, for several years the largest cryptocurrency exchange in the world has been Binance. The Binance platform is the most popular crypto-exchange in the CIS as well, since it has the maximum trading volumes and supports transfers in rubles from Visa / MasterCard bank cards and payment systems QIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

#	Cryptocurrency exchange	Official site	Site evaluation
1	Binance (Editor's Choice)	https://binance.com	9.7
2	Huobi	https://huobi.com	7.5
3	Exmo	https://exmo.me	6.9
4	Yobit	https://yobit.net	6.3
5	OKEx	https://okex.com	6.1

The criteria by which the rating is set in our rating of crypto-exchanges:

• Work reliability— stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
• Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
• Feedback and support– we analyze user reviews and the quality of technical support.
• Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
• Platform Features– availability of additional features — futures, options, staking, etc.
• final grade– the average number of points for all indicators determines the place in the ranking.

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