slciconference
  • Home
  • Business
  • Debt
  • Finance
  • Insurance
  • Investment
  • Loans
slciconference
  • Home
  • Business
  • Debt
  • Finance
  • Insurance
  • Investment
  • Loans
Finance,

Young Americans are Paving the Way for a Bitcoin-Fuelled Economy

by slciconferenceJune 24, 2019no comment
0
Shares
Share on FacebookShare on Twitter
Paving the Way for a Bitcoin

Recently, new survey from student loan refinancing marketplace Lend Edu asked Americans about their views on Bitcoin. The poll included a series of basic questions, such as whether people were aware of the currency and if they would either use or invest in it. The study was conducted in August and polled 1,000 participants from the US. It revealed that younger people were more aware of Bitcoin and even view it as a potential investment opportunity.

The poll indicated a popularity surge for Bitcoin; with millennials, in particular. The spike could be due to younger generations being more savvy when it comes to technology.

Table of Contents

  • A constant trend
  • Investment opportunity
  • Highest-performing industries
  • Male users dominating

A constant trend

Lend Edu asserts that a number of their findings were predictable, such as younger Americans responding that they were more aware of Bitcoin than older participants in the survey. The poll revealed that 86.67% of respondents from 18 to 24 had heard of Bitcoin, with just 75.93% of respondents aged 55 and over aware of the digital currency. The trend was consistent, as the older the respondent, the less likely that they were aware of Bitcoin.

Investment opportunity

The survey also found that younger Americans were keener on investing in Bitcoin. Those aged between 25 and 34 were more likely to invest in the digital currency.

Of the participants aged from 18 to 24, 35.9% said that they intend to invest in Bitcoin, compared to 43.5% who said that had no plans to, and 20.5% who were unsure. Of those aged from 25-34, the number of those who plan to invest rose to 40.4%, with 31.7% from that age group saying that they wouldn’t be investing in Bitcoin.

Highest-performing industries

Many web users are already paying with Bitcoin when spending online. The music industry, bank lending, and online gaming are all among the more popular industries attracting those who are happy to use the digital currency. Young Americans are using Bitcoin, but it is also a currency that is increasing in popularity throughout the world. This fact is highlighted in online gaming, with websites such as slots.io allowing gamers to play Bitcasino in the Japanese language, English, German, and so on. Bitcasino.io also features a number of games suitable for younger players, such as Global Offensive and Greedy Goblins, so it is of no surprise that it attracts young tech-savvy web users who are more willing to use Bitcoin.

Male users dominating

The study further found that a greater number of men were interested in Bitcoin than women.Although, Lend EDU warned against gender-related findings, due to difficulties in ascertaining why one gender has different preferences than the other.

In a Lend EDU blog post, which commented on the results of the survey, the blog asserted that the data is an indicator of an increased involvement with Bitcoin in the future among younger generations. This was based on young Americans being responsible for increased spending power as they grow older, which means that Bitcoin will come to have a greater involvement in the US economy.

Previous

Overlooked Ways to Protect Your Company’s Finances

June 24, 2019
Next

The Basics on Bad Credit Mortgages – and How You can Get One

June 24, 2019

Leave a Reply Cancel reply

You must be logged in to post a comment.

Related posts

Bank’s Customer Service
Finance,

The Best Ways to Improve Your Bank’s Customer Service

by Leandro Montoya3 weeks agono comment
Safe Deposit Lockers
Finance,

Safe Deposit Lockers: What to Store and What NOT to Store?

by Leandro Montoya2 months agono comment
tax accountants
Finance,

Here’s why individuals need tax accountants!

by Leandro Montoya3 months agono comment
shutterstock_175050815
Finance,

Understanding Singapore Moneylender Interest Rates

by Leandro Montoya3 months agono comment

Find Us on Facebook

Loan

  • 5 Things to Know About Interest on Hard Money Loans

    5 Things to Know About Interest on Hard Money Loans

    7 months ago
  • Home Forms For Hard Money Loans

    Home Forms For Hard Money Loans

    9 months ago
  • The Many Benefits of Getting Short-Term Loans

    The Many Benefits of Getting Short-Term Loans

    January 3, 2020
  • Top 5 Questions to Ask When Interviewing a Loan Broker

    Top 5 Questions to Ask When Interviewing a Loan Broker

    June 24, 2019
  • Why the interest rate matters in your loan

    Why the interest rate matters in your loan

    June 24, 2019
  • Loan Broker: 7 Reasons Why You Should Use One

    Loan Broker: 7 Reasons Why You Should Use One

    June 24, 2019
  • Options for Various Personal Loans for the Borrowers

    Options for Various Personal Loans for the Borrowers

    June 24, 2019
  • 5 things to consider when applying for a home loan

    5 things to consider when applying for a home loan

    June 24, 2019
  • Florida FHA / VA Loans

    Florida FHA / VA Loans

    June 24, 2019
  • How to Take Care of your Finances while Taking Car Title Loans

    How to Take Care of your Finances while Taking Car Title Loans

    June 24, 2019
  • Email Us

© 2019 - slciconference.com