Millenials with High Income are most Likely to Invest in Cryptos

A recent survey by blockchain-oriented company Clovr has shown young men are two times more likely to invest in cryptocurrencies and blockchain-related companies than women. 43 percent of the males are willing or are investing in crypto, with 23% left for women. Almost half of the 1000 people, included in the survey, with an income of $75,000+ per year have already invested or traded in digital assets.

The average payment per week of a 25-34-year individual is around $857, which is approximately $44,000 per year.

Word-of-mouth has been the primary opt-in channel for most first-time digital asset investors. More than 35% have joined cryptos after the hype Bitcoin created in December 2017, because of the “fear of missing out” principle (FOMO).

The survey showed more than 75 percent of the respondents had familiarized themselves with cryptos. 62 percent can engage in a conversation and keep it up when the subject is cryptocurrencies and blockchain.

Research data show that over 80 percent of people confirmed that they are thinking about investing in cryptocurrencies, despite the risk of high volatility in the crypto market. Over 35% think crypto markets are a real-life alternative to trading with stocks and bonds.

The survey is showing growing support for cryptocurrencies. Previous research conducted by YouGov Omnibus has shown more than 50% of young millennials want to invest in digital assets.

Another survey data, this time from Circle, have shown that 25% of young men and women plan to invest or trade with cryptocurrencies in the next 12 months.