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Millennials: One of the Biggest Catalysts for Cryptocurrency

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Millennials could be the next big catalyst for cryptocurrency.

A YouGov survey finds that 48% of Millennials would be interested in using cryptocurrency primarily.

“Of the people who believe that cryptocurrencies will become widely accepted, over one-third (36%) say they would be interested in converting to primarily using a cryptocurrency rather than the U.S. dollar. However, a majority (57%) say they would not be interested in converting away from the U.S. dollar. Millennials are almost equally split between being interested (48%) and not interested (50%),” notes the survey.

A Replacement for the US Dollar

“This generation’s appreciation of cryptocurrency signals a clear distaste for banks and similar financial institutions, which they might view as representative of ‘old money,’” notes BitIRA.

After all, people can buy, store and exchange digital currency without any middleman.

They would no longer have to deal with a bank or a border issue.  In the future, people could pay for dinner with a crypto wallet without the need for credit cards, or cash.

Positive Indicator of What’s to Come

“Overall, the results from the YouGov poll provide a positive indicator for the future of cryptocurrency. The fact that 48% of Millennials would be interested in using a digital currency is a sign of things to come. This is important because, ultimately, the future of the global economy lies with the Millennials…,” says Nick Cowan, CEO of the Gibraltar Blockchain Exchange, as quoted by Coin Rivet.

“The fact that over three-quarters of Americans would be interested in using cryptocurrency as a primary means of exchange is a positive for the industry. It speaks to the future prospect of cryptocurrency going mainstream.”

While this is great news, what would help is clarity on misconceptions.

 

 

 

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