Advertise
CoinTrust
BTC
ETH
BCH
SOL
DOGE
SHIB
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos
No Result
View All Result
CoinTrust
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos
No Result
View All Result
CoinTrust
No Result
View All Result

Home » Millennials Prefer To Invest In Bitcoin Over Any Other Cryptocurrency

Millennials Prefer To Invest In Bitcoin Over Any Other Cryptocurrency

Kate Leaman by Kate Leaman
Mar 27, 2018
in News
Reading Time: 2 mins read
0

MillennialsThe cryptocurrency boom has seen an influx of investors from all over the world.

The majority of these investors do not know much about the cryptocurrency industry but jumped in because of the massive spike in bitcoin’s value in 2017.

While governments around the world have cautioned investors from emptying their savings into the cryptomarket, investors have ignored their warning and pumped millions into popular cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH).

Survey Shows Millennials Prefer Cryptocurrency Investing

A recent survey conducted by LendEDU, shows that millennials happen to be the demographic that is most attracted to the digital currency hype. The survey took feedback from 1,000 Americans who were between 18 to 24 (referred to as millennials) based on the question:

If you were given $10,000 tax-free and had the ability to invest all of it in one of the following options, which would you choose?

The options presented were BTC, ETH, Litecoin and Ripple. More than 76 percent of the millennial respondents answered that they would invest the $10,000 in bitcoin, 12 percent said they would invest in ETH, another 12 percent would invest in Litecoin and 0 were willing to invest in Ripple.

The results come after a recent survey by Student Loan Report that found that more than 21 percent of college students were actually using their student loans to invest in cryptocurrencies. Back in January, another survey conducted by venture capital firm Blockchain Capital also found that 30 percent of those in the 18 to 34 age bracket would rather own bitcoin worth $1,000 than the equivalent in government stocks or bonds.

Fox Business

Millennials Share How They Would Spend Their $10,000

The survey results have shown that crypto has become immensely popular with millennials and one reason could be because they are a lot more tech-savvy than Generation Xers and Baby Boomers.

The fact that bitcoin is their first preference when it comes to cryptocurrency investing does not come as a surprise as bitcoin is the most popular cryptocurrency in the world. ETH is the second most popular cryptocurrency and is currently trading at $468. The interesting fact here is that Ripple is the third most popular cryptocurrency but millennials are not interested.

Apart from virtual currencies, millennials also positively reacted towards investing in real estate (15.07 percent), their own education (9.93 percent), or in their 401(k) or Roth IRA (8.46 percent). The biggest chunk of millennials thought that the best way to invest their $10,000 is towards paying down their student debts at 22.43 percent.

Previous Post

Deutsche Börse, HQLAx to Build Sec. Lending Platform on Blockchain

Next Post

Embarassing ‘LitePay’ Episode Pulls Down Litecoin By 10%

Related Posts

Pundi AI

Pundi AI Transforms Datasets into Tradeable Crypto Assets

by Kelly Cromley
Jul 8, 2025
0

Singapore-based Web3 firm Pundi AI has introduced a novel feature called Data Pump, designed to convert AI training datasets into...

terminus network partners with velmora

Terminus and Velmora Join Hands to Advance IoT and DeFi Synergy

by Kelly Cromley
Jul 8, 2025
0

Terminus, a leading player in the crypto exchange sector, has unveiled a new strategic partnership with Velmora, a platform recognized...

aurora-mobile-partners-with-hashnut

Aurora Mobile Partners with HashNut to Advance Web3 Payments

by Kelly Cromley
Jul 8, 2025
0

Aurora Mobile Limited, a prominent player in China's customer engagement and marketing technology sector, has entered into a strategic partnership...

qitmeer-partners-with-catalyst-ventures.

Qitmeer and Catalyst Ventures Unite to Drive Ethical Web3 Growth

by Kelly Cromley
Jul 8, 2025
0

Qitmeer Network, a forward-looking public blockchain platform rooted in Islamic finance principles, has formed a strategic partnership with Catalyst Ventures,...

etherscan-unveils-hyperevm-scan

Etherscan Launches HyperEVM Scan to Boost Web3 Transparency

by Kelly Cromley
Jul 8, 2025
0

Etherscan, widely regarded as a leading blockchain data provider for the Ethereum network, has introduced a new dedicated block explorer...

GUNZ set to expand Off the Grid's $GUN Token to Solana

$GUN Token Joins Solana in Major Blockchain Expansion

by Kelly Cromley
Jul 8, 2025
0

GUNZ, the Layer 1 blockchain ecosystem powering the AAA gaming title Off The Grid (OTG), has revealed plans to expand...

Next Post
Embarassing ‘LitePay’ Episode Pulls Down Litecoin By 10%

Embarassing ‘LitePay’ Episode Pulls Down Litecoin By 10%

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Collé Ai

    Collé: Pioneering AI Web3 Platform Receives Investment Boost from BlackRock

    by Kelly Cromley
    May 13, 2024
  • Router Protocol and OpenWorldSwap Partnership to Revolutionize DEX Market

    by Kelly Cromley
    Aug 6, 2024
  • Central Bank of Saudi Arabia Teams Up with Ripple to Transform Cross-Border Settlements

    by Kelly Cromley
    Aug 17, 2023
  • GameStop’s Digital Transformation: Embracing Blockchain and NFTs

    by Kelly Cromley
    Feb 2, 2025
  • Blockchain Based Sports Platform SportsMint Unveiled

    by Kelly Cromley
    Apr 30, 2024

Recent News

Pundi AI
Market News

Pundi AI Transforms Datasets into Tradeable Crypto Assets

by Kelly Cromley
Jul 8, 2025
terminus network partners with velmora
Market News

Terminus and Velmora Join Hands to Advance IoT and DeFi Synergy

by Kelly Cromley
Jul 8, 2025
aurora-mobile-partners-with-hashnut
Market News

Aurora Mobile Partners with HashNut to Advance Web3 Payments

by Kelly Cromley
Jul 8, 2025
qitmeer-partners-with-catalyst-ventures.
Market News

Qitmeer and Catalyst Ventures Unite to Drive Ethical Web3 Growth

by Kelly Cromley
Jul 8, 2025
etherscan-unveils-hyperevm-scan
Market News

Etherscan Launches HyperEVM Scan to Boost Web3 Transparency

by Kelly Cromley
Jul 8, 2025

Categories

  • Altcoin News
  • Analysis News
  • Binance Coin News
  • Bitcoin News
  • Blog
  • Cardano News
  • Ethereum News
  • ICO News
  • Legislation News
  • Market Forecasts
  • Market News
  • News
  • Ripple News
  • Solana News
  • Tether News
Trustpilot

Cointrust

  • About Us
  • Contact Us
  • Correction Request
  • Our Team

Legal

  • Disclaimer
  • Terms & Conditions
  • Privacy Policy
  • Cookie Policy

Popular

  • ICO Listings
  • Knowledge Base
  • All about Mining
  • Cryptocurrency Exchanges
  • How and Where to buy Cryptocurrency

Sitemap

  • News section
  • Sitemap
  • XML Sitemap

© 2024 CoinTrust.com.

CoinTrustCoinTrust

* DISCLAIMER: All information provided in CoinTrust is merely for informational purposes, we are not an investment advisor and not affiliated with any companies or ICO/Cryptocurrency Projects. To use this website you must accept our cookie policy, Disclaimer and Privacy Policies.

No Result
View All Result
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos

© 2024 CoinTrust.com.

We use cookies to ensure that we give you the best experience on our website.
If you continue to use this site you agree to allow us to use cookies, in accordance with our Cookie Policy.
I Agree