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Study: British Millennials Are The Biggest Users Of Cryptocurrency In The UK

Study: British Millennials Are The Biggest Users Of Cryptocurrency In The UK

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Answer Study: British Millennials Are The Biggest Users Of Cryptocurrency In The UK

In a new study targeting 11,000 individuals from 11 countries, British male millennials are the largest adopters of cryptocurrency in the country.

Conducted this year in conjunction with the Global Consumer Trends Report, the Dynata survey revealed that more than a fifth of male millennials in the UK have either purchased or invested in some form of cryptocurrency.

34% of Gen Z males aged 24 or younger have invested in cryptocurrency, while 26% of Gen Z females have invested in some digital asset class.

Why are millennials attracted to cryptocurrency?

Currently, British men between the ages of 25 and 49 are more active crypto investors compared to the global average of 46% for that demographic, which far outperforms crypto investors of all ages and genders.

Read:Crema Finance Hacker Returns $7.6 Million In Stolen Cryptocurrency

The same study also found that British millennials are the highest spenders of their cryptocurrency, who spend their cryptocurrency in gift cards, with 41% of cryptocurrency users using their cryptocurrency to purchase gift cards.

While 15% of all Britons say they have purchased something with their cryptocurrency.

in reconnaissance Another breakdown of cryptocurrency ownership by income, 40% of Britons surveyed revealed that they have an income of over £200,000, while 18% fall into the £100,000 to £200,000 category.

Stronger interest in receiving salaries in cryptocurrencies:

Many analysts believe that we will see a greater increase in cryptocurrency adoption when crypto payroll options become available.

With such a strong interest already in place, 65% of British male millennials said they would be interested in getting paid in cryptocurrency.

Despite slow adoption by retail investors, 34% of Chinese workers express interest in receiving their salaries in cryptocurrency.

With 37% of American workers following the same trend.

In Canada, nearly 32% of workers also expressed an interest in receiving their salaries in cryptocurrency.

In June 2021, a joint study by CNBC and the “Spectrum Group” revealed that 47% of millennials have dedicated at least 25% of their wealth portfolio to cryptocurrencies.

Read:Bitcoin price drop below $50,000 caused $100 million to be liquidated in 10 minutes

Survey respondents said that making easy deals and having high growth potential were among the main reasons to invest.

Read also:

The Bank of England uses the Massachusetts Institute of Technology to research the pros and cons of CBDC

Seizures of $ 2.3 million destined for money laundering and transfer of cash to Bitcoin in New York


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