Summary of the Article
- A new study by BanklessTimes revealed that 67% of millennials aged 27-42 consider bitcoin a safe haven.
- Millennials are among the most active demographic groups in the cryptocurrency space and have a friendlier outlook than older generations.
- BTC is seen as an important asset for millennials due to its decentralized nature and fixed supply cap, offering financial freedom and diversification in times of economic uncertainty.
Two Thirds of Millennials View Bitcoin as Safe Haven (Survey)
A new study by BanklessTimes revealed that two thirds of millennials aged 27-42 consider bitcoin a safe haven. Previous polls have shown that millennials are among the most active demographic groups in the cryptocurrency space and have a friendlier outlook than older generations.
Why Millennials See BTC as Important Asset
According to Jonathan Merry – CEO of BanklessTimes – the primary cryptocurrency is a vital investment instrument for millennials as it offers financial freedom and allows them to diversify in times of economic uncertainty. Those born between 1981-1996 are more open to digital innovations and are more likely to deal with BTC than Generation X and Baby Boomers. Older individuals remain predominantly conservative by sticking to fiat currencies and expressing skepticism toward the crypto sector.
Most millennials that participated in the survey believe bitcoin will go mainstream in the following years. They also see it as a better monetary tool than the dollar, euro, or any other national currency.
What Makes BTC Attractive?
The asset’s decentralized nature and limited supply cap seem to be the most essential merits for the demographic group to classify it as a safe haven. Staying out of the central banks’ reach means bitcoin is not a subject of dubious monetary policies introduced by governments.
Conclusion
It appears that two thirds of surveyed millennials view bitcoin as a safe haven due to its decentralized nature, fixed supply cap, offering financial freedom and diversification in times of economic uncertainty compared with traditional fiat currencies.