The results of a new survey ordered by Circle mobile payment platform have been released, detailing cryptocurrency interest levels between generations and genders. It shows that Millennial men have over double the interest in cryptocurrency than Millennial women, 18% to 7%.
The study accounted for the opinions of 3,000 people, segmented into three age groups, from Millennial (18 to 35 years old), Generation X (36 to 51) and Baby Boomers (52 to 70). Each respective group expressed interest in cryptocurrencies in the next 12 months.
Millennials were the most interested, as 1 in 4 expressed interest in acquiring digital assets. The percentage of interested stakeholders from Generation X and Baby Boomers were 10% and 2% respectively.
Interestingly, those who invest the most are the least interested in seeking the advice of a financial advisor. A mere 16% of Millennials use one, while 40% of Baby Boomers seek professional financial advice.
Meanwhile, these percentages flip when it comes to the use of an app to assist in their investments. Half of Millennials use one, while 30% of those from Generation X use one, and only 10% of Baby Boomers are using apps for their investments. While all generations admit they need some sort of assistance, the younger generations prefer digital assistance while the older generations prefer actual human advisors.
Of those who have invested in the crypto market, Millennials have risked the most: 29% have invested over $1,000, while another 29% invested $500 to $1,000 and 42% invested less than $500.
Another study conducted in May by the US portal Finder surveyed 2,001 adults about cryptocurrencies. Thirty percent of women and 24% of men said that cryptocurrencies are “difficult to understand,” while 12% of women and 11% of men believed these currencies would be “difficult to use.”