blockchainreporter
  • News
    • Altcoins
    • Bitcoin
    • Blockchain
    • Ethereum
    • Adoption
    • NFT
    • DeFi
    • Metaverse
  • Education
  • Glossary
  • Advertise
No Result
View All Result
Bet Now
blockchainreporter
  • News
    • Altcoins
    • Bitcoin
    • Blockchain
    • Ethereum
    • Adoption
    • NFT
    • DeFi
    • Metaverse
  • Education
  • Glossary
  • Advertise
No Result
View All Result
blockchainreporter
Bet Now
No Result
View All Result
Bitcoin
BTC
1d:
7d:
Ethereum
ETH
1d:
7d:
Polkadot
DOT
1d:
7d:
Solana
SOL
1d:
7d:
Ripple
XRP
1d:
7d:
Shiba INU
SHIB
1d:
7d:

Research: 48 Percent American Millennials Prefer Crypto over Fiat

Max Clark by Max Clark
September 7, 2018 - 3:00 pm
in bitcoin news
0
Research: 48 Percent American Millennials Prefer Cryptocurrencies over Fiat
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

A new survey by YouGov finds that almost half of all millennials would be happy to use cryptocurrencies over fiat – if all businesses accepted payment in crypto. The survey, which asked 1202 adult Americans, showed surprisingly strong interest in crypto among younger generations.

The Crypto-Millennial Relation

A new survey published today by YouGov, Internet-based market research and analytics firm, asked 1200 Americans about their knowledge and opinion of cryptocurrencies. It found that 71% of Americans are aware of Bitcoin’s existence, while only 12% were aware of Ethereum, with numbers falling from there. Also evident was a substantial gender difference, with 27% of women saying they had never heard of any cryptocurrency, while only 16% of men said the same.

The gender difference also extends to the depth of knowledge, with men being more than three times as likely as women to have heard of Ethereum (19% v 6%) or Litecoin (18% v 5%). While 71% of those asked had at least heard of Bitcoin, only 10% had ever interacted with crypto (Bought/Sold/Mined).

The survey also found that a majority of people still have no interest in holding or using crypto, although differences were also stark between age groups, with only 29% of baby boomers believing crypto will see mainstream acceptance within the next decade, a number which is 44% among millennials. 15% said they wish they had heard of cryptocurrencies sooner, but believed it was too late to get involved at this point.

Crypto still Associated with Criminal Transactions

According to YouGov’s interpretation of the data, contributing to the negative perception is an association between crypto and crime, with some 25% of all respondents believing cryptocurrencies are primarily used for illegal transactions. There is also a racial disparity here – with 29% of Whites believing crypto were used mainly for crime, while only 14% of Hispanics say the same. African Americans were in the middle, at 22%.

Although numbers are lower for the older generations, 48% of millennials responded they would be happy to use crypto over dollars in their daily life if mainstream acceptance of crypto made this easy.

In their report, YouGov asks that an article about the survey contain the following information: “All figures unless otherwise stated, are from YouGov Plc. The total sample size was 1202 adults. Fieldwork was undertaken between 29th – 30th August 2018. The survey was carried out online. The figures have been weighted and are representative of all US adults (aged 18+).”

Tags: BTCCryptocurrency
ShareTweet
Max Clark

Max Clark

Max Clark is a content writer specialising in the cryptocurrency space. He is very enthusiastic about altcoins, NFTs, and the Metaverse. Max is convinced that the network is capable of replacing the existing global monetary system and granting financial independence to billions of people all over the world. Max loves to go on adventures, play sports, and read books when he has free time outside of work. He has also worked in the financial industry before, so he knows how the world's banking system works and how to deal with clients in the tech and finance industries.

Recommended For You

Top Crypto News This Week, Bitcoin and Ethereum in the Spotlight

by Umair Younas
January 29, 2023 - 5:10 am
0
Crypto Trading

This week, 23 Jan - 28 Jan, we saw hustle and bustle in the crypto market especially from Bitcoin, Ethereum and Celsius' narrative.

Read more

Prosecutors Request Judge to Strengthen Bail Conditions for Sam Bankman-Fried

by Umair Younas
January 28, 2023 - 5:55 am
0
SBF FTX

U.S. prosecutors petitioned a Manhattan magistrate for stricter bail restrictions for Sam Bankman-Fried citing that he influence witness testimony.

Read more

Argo Lawsuit Development: Johnson Fistel Requests Information from Shareholders

by Kester Odero
January 27, 2023 - 9:15 am
0
Argo Blockchain

As per Johnson Fistel, LLP, Argo Blockchain plc investors filed a class action case targeting investors who have been linked with fraudulent acts.

Read more

Hut 8 Issues Update on Its Litigation against Validus over North Bay-based Mining Facility

by Umair Younas
January 27, 2023 - 8:00 am
0
hut 8

Hut 8 pursues compensation for all the damages caused because of Validus’ violation of the Power Purchase Agreement (PPA).

Read more

Upcoming FOMC Meeting and CPI Data Could Crush Bitcoin’s Bullish Market Outlook

by Mushu Butt
January 27, 2023 - 6:30 am
0
Bitcoin

The upcoming FOMC meeting and Consumer Price Index data could disrupt the bullish outlook for Bitcoin, according to crypto assets trading firm.

Read more
Next Post
US-based ‘Cryptocriminal' Pleads Guilty to Charges of Grand Larceny, Kidnapping and Others

U.S. ‘Cryptocriminal' Pleads Guilty to Charges of Grand Larceny, Kidnapping and Others

PARTNERS LIST

PRESS RELEASE

China’s “Instagram” chooses Conflux Network for permissionless blockchain integration

by chainwire
January 25, 2023 - 8:42 am
0

Toronto, Canada, 24th January, 2023, ChainwireLittle Red Book, (XiaohongShu), the Chinese version of Instagram integrates Conflux Network as permissionless blockchain...

snowfall protocol

Snowfall Protocol (SNW) Takes the Spotlight as Waves (WAVES) Founder Unveils New ‘Undepeggable’ Stablecoin and Ripple’s (XRP) New Commercial Released

by Max Clark
January 25, 2023 - 7:02 am
0

The cryptocurrency market has seen its fair share of ups and downs, but one project that seems to be gaining...

Snowfall

Binance (BNB) Will Back Terra Classic’s Upgrade, Cardano (ADA) Introduces Custom-built Sidechains, Snowfall Protocol (SNW) to Have its Grand Launch Soon

by Wayne Jones
January 24, 2023 - 4:53 am
0

While the former two are in the headlines due to recent changes in their ecosystem, Snowfall Protocol (SNW) is all...

Snowfall Protocol

Terra Classic (LUNC) and Polygon (MATIC) Shows Instability Signs, While Snowfall Protocol (SNW) Presale Raises $4M

by Max Clark
January 23, 2023 - 12:00 pm
0

This article will critically examine why Snowfall Protocol (SNW) is gaining ground and why Polygon and Luna Classic's (LUNC) price...

BlockchainReporter is a trusted name in the cryptocurrency and blockchain technology news space, keeping its readers abreast of the latest and most significant trends in the industry.

Here at BlockchainReporter, our team of global writers is dedicated to providing price analysis on leading cryptocurrencies and covering the latest developments pertaining to bitcoin news, altcoins news, blockchain news, NFT news and cryptocurrency adoption news from around the world.

News

  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • Adoption
  • NFT
  • DeFi
  • Metaverse

Info

  • Education
  • Glossary
  • Market
  • Press Release

Company

  • About Us
  • Terms & Conditions
  • Advertise
  • Sitemap
  • Contact

@2022 – Blockchainreporter.net. All Right Reserved.

No Result
View All Result
  • News
    • Altcoins
    • Bitcoin
    • Blockchain
    • Ethereum
    • Adoption
    • NFT
    • DeFi
    • Metaverse
  • Education
  • Glossary
  • Advertise

@2023 - Blockchainreporter.net. All Right Reserved.