The results of a global poll by the international financial consultancy firm – deVere Group – found that 36% of millennials and 51% of Gen Z would be happy to receive half of their salary in digital assets instead of fiat.
Crypto Is The Future of Money for The Youngsters
Seen by many as a financial revolution and a global technological development, the cryptocurrency industry is prevalent among people younger than 40-years-old. That said, it’s no wonder that more than a third of people born between 1980 and 1996 and 51% of those born between 1997 and 2012 would like to receive half of their salary in bitcoin and / or alternate coins, according to one. recent study by the deVere group. determined.
Nigel Green – CEO and Founder of the company – explained that youngsters find the asset class attractive due to the technological developments happening when they were kids. Influenced by the “huge influx” of innovations throughout their lifetimes, it is they who understand the “enormous potential of digital currencies”.
Green added that Millennials and Generation Z would rather support an autonomous decentralized digital currency and payment network than a traditional system where monetary institutions and governments are in control.
“They clearly believe crypto is the inevitable future of money,” said the senior executive.
While on the matter of millennials, according to another research, 47% of such millionaires have invested at least 1/4 of their wealth in digital currencies. 30% of them have allocated half of their assets in the market.
Which age group is most interested in crypto?
A separate survey in late September revealed which generation is most inclined to deal in bitcoin and alternative coins. Per the results, millennial investors are the leaders since 12% of them answered they have distributed some of their wealth into the asset class. Xennials were second with 9.2%, while Generation X marked 6.3%.
When asked if they had benefited from their investments, 76% of millennials said “yes”. Interestingly, xennials (those around 40) were number one in this statistic with 80.5%. Gen X – the oldest generation among these three – was at the bottom of the rankings with 71.5%.
Approximately 60% of all age groups find bitcoin as the most preferable cryptocurrency investment asset. Ethereum is second for millennials and Generation X. However, it is the fourth choice for xennials who tend to go for Bitcoin Cash and Dogecoin.
