Millennials now consider cryptocurrencies as a dating metric

Millennials now consider cryptocurrencies as a dating metric

Bitcoin News
August 1, 2018 by Editor's Desk
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According to a recent survey, the cryptocurrency craze is on the rise as millennials are 75% more likely to date someone who has knowledge about cryptocurrency. CreditCoin.com, which helps to “Buy Bitcoins and altcoins ultra fast,” announced the results of the study towards the end of June 2018. The study was done on 1000 consumers
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According to a recent survey, the cryptocurrency craze is on the rise as millennials are 75% more likely to date someone who has knowledge about cryptocurrency.

CreditCoin.com, which helps to “Buy Bitcoins and altcoins ultra fast,” announced the results of the study towards the end of June 2018. The study was done on 1000 consumers in the U.S who already had some basic knowledge about Bitcoin to gauge the interest of the community and their perceptions about the same.

As cryptocurrencies take a toll on the dating decisions of millennials, 12% of the surveyed population also said that they would rather date a “non-violent felon” or a divorced person with a kid, rather than dating someone who has all their savings in cryptocurrencies.

As is mostly seen, males are twice as likely (48%) to own cryptocurrency than females (26 percent) whereas, a total of 40 percent of millennials are owning cryptocurrency.

Although the millennials clearly dominate, 15 percent of baby boomers and 24 percent of GenX are into cryptocurrencies.

The survey also revealed that 39% of the respondents prefer buying cryptocurrency with $10,000 rather than making a down payment on a house (33 percent) or a car (28 percent).

Another survey conducted at the start of June 2018 indicated that 10% of millenials, between the age of 24 and 38, resort to selling cryptocurrencies to finance the down payment for their houses. For millenials who have collected college debt, cryptocurrency is one of the ways out for them to earn an extra income apart from working a second job or pulling money out of the retirement funds.

Additionally, a recent survey of millenials in cities across the U.K also indicated that 21% of the millennials surveyed think of bitcoin as a more viable investment opportunity than real estate.

“For millenials, the soaring performance of Bitcoin holds more intrigues than the prospect of steady growth in house prices”

Younger Canadian investors also see a lot of value in cryptocurrencies as 39% of all the 18-34-year-olds surveyed regard cryptocurrencies as a “high return” investment. Further, 40% of the investors in the same age group consider cryptocurrencies’ potential to provide huge gains.

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