• A study by BanklessTimes revealed that 67% of millennials aged 27-42 consider bitcoin a safe haven.
• Millennials are more likely to invest in BTC than older generations due to its decentralized nature and fixed supply cap.
• Most millennials that participated in the survey believe bitcoin will go mainstream in the following years.
Millennials Investing in Bitcoin
A recent study conducted by BanklessTimes has revealed that two thirds of millennials view Bitcoin (BTC) as a safe haven investment instrument. This is attributed to the digital asset’s decentralized nature and fixed supply cap, which makes it an attractive option for those born between 1981-1996 when compared with other traditional fiat currencies.
The survey showed that most respondents aged 27-42 consider BTC a viable option for protecting their financial assets from economic uncertainty and diversifying away from central bank policies. Furthermore, many participants expressed confidence in the cryptocurrency going mainstream over the next couple of years.
Older Generations Remain Conservative
While millennials tend to be more open to digital innovations such as cryptocurrencies, older generations remain largely conservative when it comes to investing their money. Generation X and Baby Boomers typically stick with traditional fiat currencies and express skepticism towards alternative investments like crypto.
Benefits of Bitcoin
The primary benefit of investing in Bitcoin is financial freedom, since it allows users to move away from centralized banking systems and into a decentralized space where they have complete control over their funds. Additionally, its limited supply cap ensures that inflation will not affect its value over time, making it an ideal long-term investment opportunity for those looking for stable returns on their capital.
This survey has shown that two thirds of millennials view Bitcoin as a safe haven due to its decentralized nature and fixed supply cap – something that cannot be said about traditional fiat currencies which are subject to dubious monetary policies imposed by governments or central banks at any given time. Moreover, this demographic group is more likely to invest in BTC than older generations due to their friendlier outlook towards digital innovations such as cryptocurrencies.