People under 30 prefer to receive parts of their salaries in Bitcoin BTC
According to the results of a recent global survey, more than half of Generation Z (born between 1997 and 2012) and more than a third of millennials (born between 1980 and 1996) would prefer to be paid in cryptocurrencies, or at least to have a percentage of their salaries paid in Bitcoin BTC. Taking into consideration how famous the cryptocurrency scene has become in the last few years, this comes as no surprise.
How the study was conducted
The research was conducted by the deVere Group, a leading organization in financial consulting, asset management, and fintech, and surveyed over 750 clients under the age of 42 using the mobile application deVere Crypto, capturing the views of participants in the UK, Europe, North America, Asia, Africa, Australia, and Latin America. The organizers of the study speculate that because these two demographic categories are digital natives who have grown up with current technology and cryptography, they are more willing to accept those innovations as their financial future.
“They’ve been influenced by the enormous surge in tech as they came into adulthood. They are comfortable using and see the value in and massive potential of digital currencies,”
said the CEO and founder of deVere, Nigel Green, in the company’s press release and media reports. “They appear to trust an autonomous decentralized digital currency and payment system over a traditional system where legacy financial institutions and governments are in control.”
Bitcoin BTC – Adolescents and young people also like cryptocurrencies
These findings are in line with recent data published on Statista.com, which found an increasing receptivity annually by US adults to buy Bitcoin BTC , applying to all age groups. The largest annual increases were recorded among the younger age groups that led this development, as shown in this chart.
Image source: statista.com
The percentage of people who indicate that they are “very” or “somewhat” likely to buy Bitcoin BTC in the next 5 years has increased by 13 percentage points among young people aged 18 to 34 between the spring of 2019 and the fall of 2020. Bitcoin’s mass adoption is something that we’ve been seeing all throughout this year, and it’s everything that we, crypto enthusiasts, have been hoping for throughout this whole journey.
Green added: “They see the inherent value of digital, borderless, global currencies for trade and commerce purposes in increasingly digitalized economies in which businesses operate in more than one jurisdiction.”
As we see Bitcoin BTC continuing its 2021 surge, having reached an all-time high just earlier this month, it’s no surprise that a huge influx of people, especially from the younger generations, are beginning to want to get involved in this hype train. We are probably going to see these percentages go up even more within the few months, depending on how well BTC and other cryptos will perform – but it’s always great news to see more people getting into the markets.
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