30% Of Millennials Would Rather Invest In Crypto Than Standard Currencies

A new survey conducted by Blockchain Capital showed amazing results. For about a third of millennials, cryptocurrencies are seen as safer and a smarter way to invest. Obviously, this is due to the growth of the crypto markets – and millennials know that capitalizing on it is easy.

The survey showed that 30% of those in the 18-to-34 range would rather invest their $1,000 in a cryptocurrency than in government bonds or stocks. Moreover, 42% of millennials know about Bitcoin – compared to the 15% awareness among the people aged 65 years and up.

So, it is easy to see that there is huge millennial interest in trading cryptocurrencies – and even bigger in investing money in this market. Things are looking even better in the future – as the competition for the coin is expected to become even tougher in 2018.

This year, more institutional investors will start trading Bitcoin and cryptocurrencies. However, currently the market faces a significant supply and demand imbalance – which doesn’t have to be frightening.

Expert investors are recommending everyone to allocate their assets based on their risk tolerance, resist overtrading (immediately selling coins after seeing small spike) and always invest the amount of money you are willing to lose. After all, trading Bitcoin can be a tough job if you are going down with your entire savings.

At this point though, trading cryptocurrencies seems like a smart move if you want to capitalize on the growth and the potential regulations that will come to the crypto market in 2018. So, are you capitalizing on the gains (yet)?