Young people are often early indicators of the future, so how do younger people today feel about Bitcoin?
As Bitcoin surged from $250 just two years ago to over $7,000 today and the industry around it has boomed, the digital asset has been increasingly featured in public discussion. In light of this increased exposure, we decided to take the pulse of the country to gauge awareness and sentiment toward Bitcoin and get a better sense of where Bitcoin is in the adoption curve.
The results are based on responses from a recent survey of more than 2,000 U.S. adults ages 18+ conducted online by Harris Poll on behalf of Blockchain Capital—many of the results are quite remarkable.
In particular, the results highlight a millennial (we define as 18-34 years old) proclivity for Bitcoin that may be indicative of a bright future for the digital asset. [Disclosure: Investing in Bitcoin is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment. Disclosure: I own some Bitcoin.]
For example, more than 1 in 4 millennials prefer Bitcoin to stocks: 27% of whom said they would prefer to own $1,000 of Bitcoin over $1,000 in stocks. The number was even higher for male millennials—38% of whom said they prefer Bitcoin.