Surveys: 1 in 4 Millennials Want to Invest in Crypto, 3% of China Already Has

Survey Round-Up: 3% of China Has Invested in Crypto, 1 in 4 Millennials Want to

In recent cryptocurrency surveys, a poll of 100,000 Chinese citizens has found that 3% have invested in cryptocurrencies, and a survey conducted by Circle has found that a quarter of millennials would like to invest in crypto assets in the next 12 months. In addition, a survey by UK-based Rathbone Investment Management has found that Londoners are more than twice as bullish on crypto as the rest of their UK counterparts.

Also Read: Markets Update: Cryptocurrencies Dip Again Forming Consolidated SupportM

3% of Chinese Citizens Have Invested in Crypto

Wu Xiaobo Channel has published the findings of a recent survey of 100,000 Chinese that shows 3% of Chinese citizens to have invested in cryptocurrencies. The survey also notes that half of Chinese cryptocurrency investors have allocated more than 10% of their household wealth in crypto assets.

The survey also found 3% of respondents purporting to be from China’s middle-class have made investments in cryptocurrencies – despite the demographic being profiled as financially conservative with regards to investments.

Circle Finds One in Four Millennials Want to Buy Crypto in Next 12 months

Survey Round-Up: 3% of China Has Invested in Crypto, 1 in 4 Millennials Want toA survey conducted by Circle has found that 25% of millennials would like to make investments in crypto assets in the next 12 months. By contrast, 10% of Gen X-ers, and 2% of boomers expressed an interest in purchasing crypto in the next year.

Of all respondents, the survey found men to be twice as bullish on crypto as women, with 17% of males and 8% of females expressing an interesting in purchasing cryptocurrencies in the next 12 months.

Londoners Twice as Likely to Invest in Crypto as Other UK Citizens

Survey Round-Up: 3% of China Has Invested in Crypto, 1 in 4 Millennials Want toA study conducted by Rathbone Investment Management has found that 13% of UK citizens plan to invest in cryptocurrencies in the near future.

The study also found that Londoners are more than twice as bullish on cryptocurrency than other UK residents to express an interest in speculating on virtual currencies soon, with 30% confessing to eyeing the cryptocurrency markets.

Robert Hughes-Penney, investment director at Rathbone, stated: “Lucrative returns made by the early adopters of bitcoin and other cryptocurrencies have been widely publicized. These early investors have been followed by others looking to make similar gains. These figures suggest there are a number of investors in London with shorter investment goals who have been more susceptible to the so-called bitcoin craze, while outside of the capital investors have mostly stayed clear of what is a high-risk asset class.”

Why do you think men are more likely to invest in crypto than women? Share your thoughts in the comments section below!


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Exchanges Round-Up: Price Spread and Institutions, Brazil Surveys Exchanges

Exchanges Round-Up: Price Spread and Institutions, Brazil Surveys Exchanges

In recent news pertaining to exchanges, Sfox has attributed a reducing spread in the price of BTC across exchanges to the increased presence of institutional investors in the cryptocurrency markets, Brazil’s government has issued a questionnaire to three local crypto exchanges seeking to obtain data pertaining to their operations, and data from the United States Commodity Futures Trading Commission (CFTC) has revealed a steady decline in bearish pressure on the BTC futures markets in recent months.

Also Read: Transaction Fee Mining Exchanges: Highly Popular, Highly Controversial 

SFOX Finds Increased Institutional Presence is Driving Down Crypto Price Spread Across Exchanges

Exchanges Round-Up: Price Spread and Institutions, Brazil Surveys ExchangesResearch conducted by Sfox has asserted that a larger presence from institutional investors has reduced the spread in the price of BTC across various exchanges.

Danny Kim, head of growth at Sfox, claims that the current spread in BTC prices seldom exceeds one-tenth of one percent, asserting that “Before institutional firms were actively trading crypto or heavily involved (before 2018) bitcoin price differences between exchanges varied as high as 4.5%.”

Among the institutional players are a number of high-frequency trading firms (HFTs), according to Mr. Kim, who added: “Some HFT firms have been trading since crypto 2014, but have limited themselves because the infrastructure wasn’t there. Most if not all HFT firms require a FIX connection at an exchange in order to trade efficiently. Crypto exchanges haven’t offered FIX connectivity until recently.”

Mr. Kim predicts that in future the growing presence of institutional investors will have a stabilizing effect upon BTC prices, stating: “As this trend continues, the stabilizing effects of institutional investment will extend beyond price spreads, and on to price fluctuations.”

Brazilian Government Questions Three Crypto Exchanges

Exchanges Round-Up: Price Spread and Institutions, Brazil Surveys ExchangesThe Brazilian Ministry of Finance has issued questionnaires to the three local cryptocurrency exchanges among the top ten largest by volume. The questionnaire comprises 14 questions ostensibly intended to “subsidize study to Combat Corruption and Money Laundering,” according to a rough translation.

According to local media, one of the exchanges has completed and returned the questionnaire, another exchange claimed to not have received such, and the third exchange claimed that it would not respond to the letter as the questionnaire was not technically mandatory.

The majority of the questions pertain to the exchanges’ compliance, KYC, and monitoring procedures, in addition to information regarding the accounts and employees of the exchanges.

CFTC Data Shows Record Lows for Shorting Pressure on Futures Markets

Exchanges Round-Up: Price Spread and Institutions, Brazil Surveys ExchangesData published by the United States Commodity Futures Trading Commission has revealed that the weekly number of short positions opened on the bitcoin futures markets continued to experience a significant decline during August.

For the week ending on the 21st of August, the number of non-commercial futures contracts of bitcoin totaled a net position of -1,266 contracts.

The number of bearish positions on the futures markets has consistently declined over the course of the ten weeks since June’s high of -1,945.

Do you think that a greater presence from institutional investors can be attributed to the reduction in the price spreads across various exchanges? Share your thoughts in the comments section below!


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At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.

The post Exchanges Round-Up: Price Spread and Institutions, Brazil Surveys Exchanges appeared first on Bitcoin News.

75% of Millennials are More Likely to Date Someone Who is Into Bitcoin

A recently conducted study has reportedly found that 75% of millennials would be more likely to date someone who possesses knowledge about cryptocurrencies. The survey comes amid apparently increasing fascination with millenials’ views regarding cryptocurrencies.

Also Read: Kim Kardashian Receives Her First Bitcoin

Surveys Probe Millennials’ Views on Crypto

75% of Millennials are More Likely to Date Someone Into BitcoinAn increasing number of companies have published surveys probing the views held by millennials regarding virtual currencies.

A recent study claims to have found that “Over 75% of millennials [are] more likely to date someone knowledgeable about cryptocurrencies.” Despite the find, the survey also revealed that 12% of respondents would “rather date a non-violent felon” than “someone who has all their savings in cryptocurrency.”

Of the millennial participants, 40% indicated that they currently own cryptocurrencies, with 48% of males and 26% of females reporting to currently hold virtual currencies.

The survey also noted several “interesting items respondents have paid for with cryptocurrency,” including “a dog, a wedding, and 4 cases of Sriracha.”

1 in 10 Millennials Cash Out Crypto to Afford Down Payment on Home

75% of Millennials are More Likely to Date Someone Into BitcoinAt the start of the month, it was reported that a survey focusing on U.S. resident ages between 24 and 38 who indicated that they were planning to purchase a home in the next 12 months found that 10% of millennials have sold cryptocurrencies in order to finance their down payment.

A U.K. survey of millennials, crypto, and property published last month found that more than one in five (21%) of 21 to 35 year-olds see bitcoin as a better investment than real estate. “For Millennials the soaring performance of Bitcoin – followed by an almost equally profound correction – holds more intrigue than the prospect of steady growth in house prices,” the survey said.

Additionally, a recent survey of 18 to 35-year-old Canadian investors found that 40% describe cryptocurrencies as producing high returns, whilst 39% of all 18 to 34-year-old Canadians identified crypto as a high performing investment.

What is your response to the findings of the surveys being conducted into millennials’ views regarding bitcoin and cryptocurrencies? Share your thoughts in the comments section below!


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