Millennials Favour Bitcoin Over Traditional Banking

Millennials claim that they earn more from their Bitcoin investments and their cash is more secure, as indicated by a survey conducted by Blockchain Capital. One in four millennials are investing their hard earned money in the main advanced currency Bitcoin as opposed to opening bank accounts.

70% of the 10,000 millennials who were surveyed guaranteed that they are not content with the interest rates offered by banks and just about 65% said that their cash is more secure in Bitcoin on the grounds that they control it. The survey additionally showed that about 66% of female respondents have started to fan out from Bitcoin and put resources into other digital currencies keeping in order to diversify their portfolio.

Despite their preference of Bitcoin as a form of investment, marginally under half of the millennials said that they are also searching for a more convenient type of banking and 45% expressed that they need their banks to coordinate Bitcoin wallets in their operation so they can directly invest into cryptocurrencies through their existing bank accounts.