A new global survey indicates that younger generations are open to receiving a substantial amount of their paychecks in Bitcoin (BTC) or other crypto assets.
The financial services firm deVere Group reportedly polled more than 750 of their clients under the age of 42 on their openness to receiving part of their salary in BTC. The firm surveyed clients across the globe.
About 36% of the millennials who responded to the survey indicated they would be happy to receive 50% of their paychecks in Bitcoin or other cryptocurrencies. More than half of the Generation Z respondents said they would be happy with the same arrangement.
Nigel Green, deVere CEO and founder says that millennials and members of Gen Z have been impacted by the huge technological advances that have happened while they’ve grown up. He says they now “clearly believe that crypto is the inevitable future of money,” according to a report published on Nasdaq.com.
“They are comfortable using and see the value in and massive potential of digital currencies. 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.”
Green recently predicted that the price of Bitcoin could continue rising until Q2 of 2022 as concerns over inflation rise.
“Against this backdrop, and amid some peaks and troughs along the way as markets never move in a straight line with traders taking profit, we can expect to see the price of Bitcoin and other major cryptocurrencies continue their skywards trajectory…
Bitcoin is widely regarded as a shield against inflation mainly because of its limited supply, which is not influenced by its price.”
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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