We all know Millennials love cryptocurrency, with a sizeable fraction investing in these digital coins. But a new survey has shed some more light on which coins this generation is most interested in.
This interesting little study surveyed 1,000 Americans, asking them where they would invest $10,000.
And no surprises, cryptocurrencies were a popular choice among the respondents.
More specifically, a healthy 9.19% of Millennials (aged 18 to 34) said they would invest in cryptocurrencies, compared to some 4.04% from Generation X (aged 35 to 54), and only 3.08% of Baby Boomers (above 55).
0% voted for Ripple.
Although none of this is particularly shocking, save for the fact that there’s no interest in Ripple in this particular survey, it does show that the newer generation is far more up to date with the latest developments in this field.
Furthermore, these people prefer to focus on the big three cryptocurrencies by market capitalization and mindshare.
Worth a mention that the sample size of this study is rather small.
And also skewed by the fact that no less than 27.3% of the respondents answered that they would use the money to pay down their debt, including student loans and credit cards.
Nevertheless, it paints a curious landscape of the investing landscape of American consumers. In particular, the aggressive plays the Millennials are making to grow their wealth while they are still young.