Survey Reveals 20% of U.K. Millennials May Invest in Bitcoin Rather Than Real Estate

Study, carried out by a UK-based build-to-rent developer Get Living, took into consideration the opinions of 3,000 millennials so as to understand their current position on property investments.

The purpose of the poll has been to comprehend the stand point of these youthful people on making investments in properties. The poll results detect that nearly quarter of the population feel that better channel of investments are available than devoting time and money in real estates.

The study reveals that those considering investment in property as a “high risk” deal comprise 57% of the millenials. This high percentage of the population thinks property investment to be risky for the coming five years. However, 21% of the millennials consider investment in BTC better than that of real estate.

It is explained,

“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. This translated to 27% of male Millennials polled believing Bitcoin represents a better investment than property.”

Last year in November, Blockchain Capital, a venture capital firm, did a survey in the United States which showed that those aged between 18 and 34 preferred to own bitcoin rather than stocks or government bonds.

The study which was conducted by Harris Poll on behalf of the VC firm found that 27% of both male and female millennials would prefer to own bitcoin worth $1,000 than stocks of the same value. When it came to male millennials in particular, 38% indicated that they preferred BTC over stocks.

Also Read: Postbank Survey: 1 in 3 Germans Are Interested to Invest in Cryptocurrencies

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