Recent research by the Clovr company, focused on the block chain , has revealed that investment in cryptocurrencies is more popular among “millennials” who earn between $ 75,000 and $ 99,999 a year. The survey collected responses from more than 1,000 Americans between 18 and 80 years of age.
According to the survey, men are almost twice as likely as any other generation to invest in digital currencies, with 43 percent of men and 23 percent of women investing in crypto. 47 percent of people with an annual income of not less than $ 75,000 per year have invested in digital assets, while less than a quarter of those earning less than $ 25,000 said they can afford to invest significantly in crypto.
According to data from the US Bureau of Labor Statistics, the median weekly earnings in the second quarter of 2018 for a man between 25 and 34 years old was $ 857, or more than $ 44,000 a year.
Nearly 40 percent of respondents cited the influence of peers as a main reason to invest in crypto, and more than 35 percent have been lured to the crypto market for the “Fear of losing” (FOMO).
The survey found a solid level of knowledge of digital currencies, with more than 75 percent of respondents saying they “feel” they know what cryptocurrencies are, while the remaining 20 percent assume that “more or less” they know what they are. what is happening in the cryptocampo.
As for explaining to others what crypto is, 62 percent of survey participants said that they are capable of maintaining a discussion about cryptocurrencies.
When asked about their opinion on crypto-investment, almost 80 percent of respondents said they believe that investing in crypto is a positive way to take risks. The study also states that 1 in 3 thinks that crypto-investment is an innovative option compared to stocks and bonds.
Recent research has found that of all generations, “millennials” are the ones that show the greatest interest in cryptoinversion. A survey published in September by the YouGov Omnibus research service revealed that half of the American “millennials” are interested in using cryptocurrencies.
Another survey by the financial company Circle showed that 25 percent of “millennials” said they are interested in buying digital currencies in the next 12 months, which differentiates them from other generations by more than 10 percent.