Millennials See Bitcoin as Safe Haven: Survey
• 67% of millennials consider Bitcoin a safe haven due to its decentralized nature and limited supply cap.
• Millennials are the most active demographic group in the cryptocurrency space, and have a more positive outlook than older generations.
• According to survey respondents, bitcoin offers financial freedom and allows them to diversify in times of economic uncertainty.
Millennials View Bitcoin as Safe Haven
A study by BanklessTimes reveals that 67% of surveyed millennials aged 27-42 consider bitcoin a safe haven. This is because the primary cryptocurrency offers financial freedom and allows them to diversify in times of economic uncertainty due to its decentralized nature and fixed supply cap.
Millennials Most Active Demographic Group in Crypto Space
Previous polls have shown that millennials are among the most active demographic groups when it comes to cryptocurrencies and they have a friendlier outlook than older generations. Those born between 1981-1996 are more open minded towards digital innovations, and are more likely to invest in BTC than Generation X or Baby Boomers. On the other hand, older individuals remain predominantly conservative by sticking to fiat currencies and expressing skepticism toward the crypto sector.
Bitcoin Emerges as Important Asset for Millennials
According to Jonathan Merry – CEO of BanklessTimes – bitcoin is an important investment instrument for millennials as it offers financial freedom, allowing them to diversify their investments during times of economic uncertainty. Furthermore, most millennials believe that BTC will go mainstream in coming years and view it as a better monetary tool than other national currencies such as USD or EURO due to its decentralized nature and limited supply cap which keeps it out of reach from central banks‘ dubious monetary policies.
Advantages Offered by Bitcoin
The advantages offered by bitcoin make it an attractive asset for many millennials considering its decentralized nature keeps it away from government control or manipulation while its fixed supply cap makes sure there is no inflationary pressure on prices providing investors with long term stability.
Conclusion
In conclusion, this survey reveals that two thirds of surveyed millennials view bitcoin as a safe haven due to its features mentioned above which provide investors with financial freedom and allow them diversify their investments during times of economic uncertainty which creates an attractive opportunity compared with current traditional investments options available today.
