Over a third of People under 45 will own Cryptocurrencies in the UK in 2018
A study conducted by the London Block exchange indicated that more than a third of the people in the UK aged under 45 will actually own cryptocurrencies next year. The study was conducted on a sample of 2,000 people.
According to the new survey, around 5% of the individuals aged below 45 have already purchased cryptocurrencies. The same study revealed that around 11% are most likely going to make an investment on this market in 2018.
The study went on to reveal that by the end of 2018, another 17% are considering investing and could purchase cryptocurrencies. This might mean that the cryptocurrency market will experience a new growth in 2018, at least in the UK.
Stephen Little @ independent.co.uk reports that the study also indicated that more people from the Millennial Generation, meaning those who were born between 1981 and 1997, actually prefer the cryptocurrency market as an area of investment and will most likely invest in 2018.
Cryptocurrency investments address the needs of millennials
The London Black cryptocurrency exchange indicated that one of the reasons why this evolution will be seen next year is linked to the fact that cryptocurrency investments make millennials feel that their needs are met. Allegedly, older forms of investments can no longer address their needs, thus, millennials feel like being left behind.
The study indicated that this younger generation comes with an important change in viewing money and cryptocurrencies are closer to their idea of investments. Furthermore, the survey showed that 24% of the people under 35 who invested in cryptocurrencies did not regret their decision.
This study was only conducted in the UK, but several other similar studies were made in other countries, as well. What is important to mention in this context is that the results were almost similar. Overall, it appears that millennials have a very good opinion about cryptocurrencies, which are among their preferred investment options.
Some analysts have claimed that many millennials don't trust the traditional financial system, as they started earning an income at the time of the 2008 financial crises. Consequently, for millennials investing in bitcoin and other cryptocurrencies is investing in an alternative system to the traditional financial one.