Recentanalysisby blockchain-focused company ‘Clovr’ hasrevealedthat cryptoinvestmentsismost well-likedamong millennials earning from $75,000 USD to $99,999 USD annually. The survey collected responses from overthousand Americans between ageseighteenandeighty.
As per the survey by Clovr, menarenearlytwiceas likely asthe othergenerationto investin crypto currencies, with43%of men and23%of womeninvestingin crypto currencies. Around 47 %of peoplewithanannualfinancial gainnotless than$75,000 USD annually haveendowedin digital assets,whereas less thanquarterof thoseearningbeneath$25,000 USD mentioned they can afford toconsiderablyinvest in crypto.
According toinformationfrom the U.S. Bureau of Labor Statistics, the median weekly earningswithin the 2nd quarter of 2018 fora personbetween the ages of 25–34 was $857 USD, or over $44,000 USD annually.
Almost 40% of respondents cited peer influence as a main reason forinvestmentin crypto, while over35 %have reportedly been lured into the crypto market by the Fear of Missing Out [FOMO].
The survey found a solid level of awareness of digital currencies, withquite75%of the respondents claiming that they feel theyunderstandwhat cryptocurrency is,whereasthe remaining20%supposed that they sort ofunderstandwhat’shappeningwithin thecrypto field.
In regards to explaining to others what crypto is,62%of the survey participantstoldthey’reable to carry ona discussionregardingcryptocurrencies.
When asked their opinion on investment in crypto,nearly80%of respondents answered that theythinkinvestingin cryptos as a positivekind ofrisk-taking. The study adds further thatoneinthree assumethat crypto investment isaninnovativepossibilitycompared with stocks and bonds.
Recentanalysishas found that of all the generations, millennials showthe foremostinterest in cryptoinvestment. Even a surveyrevealedin byanalysisservice ‘YouGov Omnibus’ in Sept., revealed that almost halfof the millennials in America are interest inusingcryptocurrency.