Category Archives: survey

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27% Of Millennials Would Choose Bitcoin Over Traditional Stocks

A recent survey conducted by Blockchain Capital points towards a trend in millennials’ growing preference towards cryptocurrency investments over traditional investment forms.

Specifically, the results show that 27% of millennials would prefer USD 1,000 in Bitcoin over USD 1,000 in stocks. It was not just stocks that millennials were moving away from, however; 22% would prefer the same sum of Bitcoin over real estate, and 30% would take Bitcoin over government bonds.

Perhaps an even more striking result from the survey was that 27% of millennials viewed Bitcoin as more trustworthy than big banks. What exactly the survey meant by “trustworthy” is not elaborated on, but it is suggested that they find the Bitcoin blockchain a more secure option.

As well as this, millennials have come of age in the wake of the 2008 financial crisis, largely blamed on the irresponsible trading practices of large banks and financial institutions. It is conceivable that the generation in question have become disenfranchised with these entities and are more inclined to find alternative practices.

Despite the dismissive approach to Bitcoin from mainstream politics and financial organizations, 52% of millennials do note share in their skepticism, with 52% citing the project as a positive financial innovation.

Finally, 42% of the age group believe most people will be using Bitcoin in the next ten years, so it is not surprising the 16% describe themselves as ”very likely” to buy Bitcoin in the next five years. Millenials have indicated that they view cryptocurrencies as a genuine investment opportunity as well as a trustworthy one.

Millennials across the globe

This survey took place in fall of 2017 and had over 2,000 American adults taking part. Similar studies conducted internationally have found trends much like that in the US.

A survey of young, working men in Japan found that 14% had cryptocurrency holdings, with 92% of those noting that they entered the market for investment purposes. In regards to their future plans with their holdings, 47.1% reported that they would like to actively invest in the market, with only 34% saying they did not intend to continue investing.

In South Korea, polls indicate that citizens in their 20s and 30s are familiar with cryptocurrencies and are willing to invest in them. Nearly a quarter of the millennials surveyed answered that they were willing to purchase some form of cryptocurrency.

Bitcoin’s popularity is on the rise and millennials appear to be a generation looking for alternatives to the financial institutions they no longer believe in. If younger generations continue to adopt cryptocurrency as a primary form of investment, this will likely increase the aggregate value of virtual currencies such as Bitcoin.

 

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Japan: 14% Of Young Male Workers Have Crytpo Holdings

A recent survey conducted of working males aged 25-30 in Japan reveals that 14% of this group own some form of cryptocurrency, as first published by local online magazine Shin R25, on 3 April.

Despite media frenzy over Bitcoin’s recent plunge in value, this has not deterred the young working men of Japan from investing. The study surveyed 4,734 participants across Japan, between January and March of this year, with over a quarter of respondents reporting that cryptocurrency holdings constituted their first investment.

Of the participants surveyed that owned crypto, 92% noted that they entered the cryptocurrency market for investment purposes. This is indicative of recent investment trends in the younger generation, that see the group withdrawing from traditional forms of investment such as stocks and bonds.

The questionnaire surveyed these trends in investment for first-time buyers, finding 24.3% purchased their assets between October and December 2017, with 15% choosing to enter the market in either January of this year or later, as the value of Bitcoin decreased.

When questioned on the total sum of their investments, 34.5% recorded that they owned less than 50,000 Japanese Yen (JPY), approximately USD 469, while 10.2% said their holdings totalled JPY 1 million or more, approximately USD 9,360 and above.

In regards to the future plans with their holdings, 47.1% reported that they would like to actively invest in the market, with 34% saying they did not intend to continue investing.

Finance and cryptocurrency analyst Joseph Young noted on Twitter that even in such a leading cryptocurrency market as Japan, such a high figure of investment is surprising.

A study found that 14% of employees in Japan aged 20~25 years already invested in or hold cryptocurrencies like bitcoin and Ethereum.

This is a surprisingly high adoption rate, I expected less than 10%, even in a leading cryptocurrency market like Japan.https://t.co/MwJtjmf1KQ

— Joseph Young (@iamjosephyoung) April 4, 2018

If the younger generations continue to adopt cryptocurrency as a primary form of investment, this is likely to increase the aggregate value of virtual currencies such as Bitcoin. Head of the research department for Fundstrat Tom Lee, recently reiterated his prediction that bitcoin would end the year valued at USD25,000.

The survey follows the news in January of hackers infiltrating Japenese cryptocurrency exchange platform Coincheck. Approximately USD 534 million was stolen in the form of NEM tokens. The Japanese Financial Services Agency acted by sending business improvement notices to seven similar platforms and temporarily suspending operations of another two.

 

The post Japan: 14% Of Young Male Workers Have Crytpo Holdings appeared first on BitcoinNews.com.

TechCrunch – Why Bitcoin? 'Quick and Convenient' Is Top Survey Response

TechCrunch – Why Bitcoin? ‘Quick and Convenient’ Is Top Survey Response:

TechCrunch’s Natasha Lomas (@riptari) shares the result of possibly the most comprehensive survey of the Bitcoin landscape to-date.  Excerpts:

“The firm surveyed more than 22,000 U.S. consumers in May 2013 to test Bitcoin awareness and levels of trust.”

“Just over a quarter (25.3%) [of U.S. consumers] have heard of the crypto currency — which means the U.S. is lagging the other two countries also surveyed for the poll, Argentina and the U.K. In those nations,”

“62% of U.S. consumers who are Bitcoin-aware said they trust the currency, vs 73% of Bitcoin-aware Argentinians and 69% of Bitcoin-aware Brits.”

“The largest group of Argentinian respondents (44%) said the best thing about Bitcoin is ‘not having to deal with financial institutions’. So banks bad, Bitcoin good.”

“In the U.S. and the U.K. the most popular response when asked about the best thing about Bitcoin is that “it’s quick and convenient” — cited by 36% and 43% respectively.”

 – http://techcrunch.com/2013/06/28/bitcoin-awareness-and-trust
 – http://bitcointalk.org/index.php?topic=245781.0 (Further discussion of the article)

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