New Survey: 48% Of American Millennials Prefer Using Crypto Over Fiat

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A growing number of millennials are interested in using cryptocurrency, according to a recent survey by YouGov Omnibus. The most well-known cryptocurrency among Americans is Bitcoin.

According to the survey, 79% of Americans are familiar with at least one type of cryptocurrency. 71% recognized Bitcoin, which of course, is the largest cryptocurrency by market capitalization.

The survey, which collected answers from 1202 respondents from August 29-30, assesses the interest of respondents in using crypto in everyday life:

“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%).”

The study further reveals that 36% of Americans believe that cryptocurrencies will be accepted as a means of transaction for legal purchases within the...

Read More: https://news.bitzamp.com/new-survey-48-of-uk-millennials-prefer-using-crypto-over-fiat/