A new study emerged in the crypto news section of our site – this time conducted by Deidre Campbell who is the Global Chair of Financial Services at Edelman. Reported by the New York Post, the study focuses on the popularity of Bitcoin and crypto in general as a long-term investment among millennials.
As Campbell said:
“Anyone that has crypto tells me they wish they bought it sooner.”
Her study on millennials revealed that more than 25% of them are already using or holding digital assets. Moreover, 30% of the respondents disclosed an interest in investigating and studying cryptocurrencies with plan to invest in the near future – which makes up to 55% of millennials who already invested or are planning to invest in the emerging asset class.
The study also saw that millennials do not trust banks, mainly because of the inefficient systems and outdated models that fail to address the needs of younger investors.
The use of cryptocurrencies by millennials in other markets such as the US, South Korea and Japan with established exchanges, payment processors and all types of crypto-friendly platforms is expected to rise as well.
For instance, the government of South Korea has recognized cryptocurrency exchanges as a legitimate financial institutions and is leading many initiatives to convince young talents to enter this market, especially the blockchain industry.
DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]