The popularity of Bitcoin and other cryptocurrencies has soared immensely this year as a lot of people are rushing in to taste its novelty. Speculators dream of continued outsized returns, as the value of one Bitcoin rose from under $1,000 at the start of this year to a level of over $7,200.
A new survey by venture capital firm Blockchain Capital discovered that about 30 percent of those in the 18-to-34 age range now prefer holding Bitcoin over bonds or stocks. The survey also found that just 2 percent of Americans own or have owned cryptocurrency, but Blockchain Capital speculates the number could get a lot higher as millenials become the main investment force.
A survey by venture capital firm Blockchain Capital found that about 30 percent of those in the 18-to-34 age range would rather own $1,000 worth of Bitcoin than $1,000 of government bonds or stocks. The study of more than 2,000 people found that 42 percent of millennials are at least somewhat familiar with bitcoin, compared with 15 percent among those ages 65 and up.
What do you prefer? Bitcoin, Ethereum, or (FANG?) stocks?