20% of wealthy UK millennials invested in cryptocurrencies

20% of wealthy UK millennials invested in cryptocurrencies

Michelmores LLP, a London-based law firm, conducted a survey of wealthy millennials in the UK and found that 20% of respondents invested in BTC and other cryptocurrencies.

Published FXStreet Results
The survey showed that among Britons born between 1981 and 1996 and having investment assets worth $ 31,000 or more, 20% of respondents invested in crypto assets.

According to FXStreet, this figure is significantly higher than the national average, which is 3%. This indicates that wealthy millennials in the UK are almost 7 times more likely to invest in cryptocurrencies than other categories. Moreover, when it comes to millennials with investment assets worth more than $ 93,000, the number of investors increases to 29%.

70% of respondents said that their investment savings were received due to income from wages, and 40% were able to earn, including through investments.

This interest in investment opportunities means a high level of free ownership of the online trading infrastructure. 35% of respondents invest using e-commerce platforms, while 27% consulted with social trading platforms and viewed or participated in e-commerce communities.

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A previous ING study showed that fewer Europeans believe in bitcoin and are skeptical of cryptocurrencies in general, unlike the United States, where 25 million Americans are planning to invest in cryptocurrencies.


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