Bitcoin VsTraditional Banking? Youth prefer Bitcoin more :Study

One in four millennials square measure investment their hard-earned cash within the leading digital currency Bitcoin rather than gap ancient bank accounts. They claim that they earn additional from their Bitcoin investments and their cash is safer, per a survey.

Based on the survey conducted Blockchain Capital, seventieth of the ten,000 millennials UN agency were polled claimed that they're not content with the interest rates offered by banks and virtually sixty fifth aforementioned that their cash is safer in Bitcoin as a result of they in person management it. The survey additionally showed that almost common fraction of feminine respondents have begun to diversify from Bitcoin and invested with in different digital currencies so as to diversify their portfolio.
Other highlights of the survey

Despite their preference of Bitcoin as a type of investment, slightly but five hundredth of the millennials surveyed aforementioned that they're additionally searching for a additional convenient type of banking and forty fifth declared that they require their banks to integrate Bitcoin wallets in their operation in order that they'll directly invest in cryptocurrencies through their existing bank accounts.

The survey additionally calculable that the bulk of millennials can invest around common fraction of their savings into virtual currencies. per the location founder Apostle Sung, the survey results showed that the younger generation is way faster to embrace new technologies than their older counterparts.