Study reveals that millennials are willing to use Bitcoin

The new generations are willing to use cryptocurrencies according to the results published by Yougov Omnibus this week.

The online pollster said:

"By far the best known cryptocurrency among Americans is Bitcoin, with 71% of people who say they have heard about it. The next best known is Ethereum, and 13% say they have heard about it. In general, men are more likely than women to have heard of almost every type of cryptocurrency. About three in ten (27%) women say they have not heard of cryptocurrencies, compared to only 16% of men who chose the same answer. "

Yougov is an Internet market research firm based in London that has lately acquired a more international reach. It largely uses the online methodology, which involves the users surveyed based on demographics.

According to his latest research, about 48% of millennials would be interested in using any type of cryptocurrency.

This is encouraging in view of the falling prices of the encrypted market. It can attract more than 5 million people worldwide, with almost ⅕ of the UK alone. Although for the cryptocurrency it seems to be a difficult way to gather attitudes.

Specialists in survey analysis Five and eight years rated Yougov a "B", having called almost 90% of political careers without prejudice. Since 2007, they have devoured American research firms in Palo Alto, California, Princeton, New Jersey, Connecticut and Portland.

The deeper and less enthusiastic immersion in this survey shows that although Americans have heard of Bitcoin, 87% have not had interaction with it, which means they have not bought, sold or extracted it.

About half (49%) in this group say "I'm glad I did not buy Bitcoin before, and I do not plan on buying it," while 15% say "I wish I had bought Bitcoin before, but I feel like it's too late now" .

In contrast to the previous results, more than a third (36%) of people think that cryptocurrencies will be widely accepted as a means of transaction for legal purchases within the next 10 years.

Millennials (44%) are the most likely in any age group to say that the cryptocurrency will be widely accepted.

About a third (34%) of Gen X'ers ​​and 29% of baby boomers agreed, "which could be a good omen for both the immediate and the long term future."

It is clear that there is still a stigma when it comes to cryptocurrencies, a battle that enthusiasts have been waging since the decentralized money was founded almost a decade ago.

"A quarter (25%) says they believe that cryptocurrencies are used more for illegal purchases than legal purchases," Yougov notes. "Only 17% think they are used more for legal purchases, and 19% believe that cryptocurrencies are used equally for legal and illegal purchases. Hispanic Americans are particularly prone to believe that cryptocurrencies are used primarily for legal purchases. "

The survey reveals, "Of the people who believe that cryptocurrencies will be widely accepted, more than a third (36%) say they would be interested in converting to a cryptocurrency mainly instead of the US dollar. However, a majority (57%) says they would not be interested in converting far from the US dollar. Millennials are divided almost equally between being interested (48%) and not being interested (50%). "

Source: Bitcoin News