BanklessTimes: Millennials consider bitcoin a safe investment
Millennials are one of the most active groups in the cryptocurrency industry, according to BanklessTimes data. Their attitudes toward bitcoin and altcoins have been much friendlier than those of the older generations.
According to BanklessTimes CEO Jonathan Merry, cryptocurrency is a vital and useful investment tool for millennials because it offers financial freedom and the ability to diversify savings in times of economic instability. Those born between 1981 and 1996 are more open to digital innovation and more willing to engage with BTC than those born earlier. Older generations, for the most part, stick to conservative fiat (government, paper) money and are skeptical of the crypto industry.
Many millennials who participated in the survey are confident that bitcoin will become mainstream in the next few years. They see cryptocurrency as a more promising monetary instrument than the dollar, the euro or any other national currency.
At the same time, as a result of trading on the cryptocurrency market in the first week of February, the BTC exchange rate fell by about 7%.
