{"id":11217,"date":"2021-08-19T07:54:11","date_gmt":"2021-08-19T07:54:11","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/survey-shows-3-in-4-crypto-investors-turned-a-profit-investing-crypto-represents-12-of-millennial-portfolios\/"},"modified":"2021-08-19T07:54:11","modified_gmt":"2021-08-19T07:54:11","slug":"survey-shows-3-in-4-crypto-investors-turned-a-profit-investing-crypto-represents-12-of-millennial-portfolios","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/survey-shows-3-in-4-crypto-investors-turned-a-profit-investing-crypto-represents-12-of-millennial-portfolios\/","title":{"rendered":"Survey Shows 3 in 4 Crypto Investors Turned a Profit Investing, Crypto Represents 12% of Millennial Portfolios"},"content":{"rendered":"

Digital currencies have seen significant gains in 2021 jumping 154% in value since January 1. On August 18, Cryptovantage published a study that shows 3 in 4 crypto investors said they had made money on their crypto holdings and cryptocurrencies represent 12% of the average millennial portfolio.<\/strong><\/p>\n

3 in 4 Digital Currency Investors Have Profited<\/h2>\n

Following the recently published research<\/a> by Cryptovantage concerning people forgetting their crypto passwords, the company published another poll surveying 1,044 people born between 1965 to 1997. The poll explains how millennials, xennials, and Gen Xers invest in digital assets. \u201cThe popularity of crypto assets varied by age,\u201d the new Cryptovantage report<\/a> called \u201cGenerational Philosophies on Investing in Crypto,\u201d explains.<\/p>\n<\/p>\n

\u201cCrypto-assets represented 12% of the average millennial portfolio, compared to 9.2% of the average xennial portfolio and only 6.3% of the average Gen Xer portfolio,\u201d the study details. \u201cDespite this larger proportional holding, millennials were not the most likely to report making a profit in cryptocurrency investing. Xennials, with the largest total investment, were the most likely to make a profit off crypto assets at 80.5%, compared to 76.2% of millennials and just 71.5% of Gen Xers.\u201d The survey adds:<\/p>\n

It\u2019s worth noting that 3 in 4 people profited off cryptocurrency investments overall.<\/p>\n

<\/p>\n

Bitcoin Is the Most Popular Digital Asset, Xennials Prefer Bitcoin Cash, Dogecoin<\/h2>\n

The survey indicates that across all the generational participants, bitcoin (BTC<\/a>) was the most popular and besides BTC<\/a>, Millennials and Gen Xers preferred ethereum (ETH<\/a>). Xennials, on the other hand, chose bitcoin cash (BCH<\/a>) and dogecoin (DOGE) over ETH<\/a>. Most of the Millennials chose to leverage services like Coinbase and a number of xennials prefer services such as Bitcoin IRA.<\/p>\n<\/p>\n

While the report notes that the lion\u2019s share of participants detailed that \u201ccuriosity\u201d was the main reason for investing, the second most popular reason was for high profits. Roughly 39% of the 1,044 respondents also explained that Elon Musk was beneficial to the cryptocurrency ecosystem.<\/p>\n

\u201cXennials were the most likely to start investing in cryptocurrencies because they believed they offer security and transparency and will give them greater independence,\u201d the Cryptovantage report author wrote. \u201cGen Xers were the least likely to believe those same ideas; however, they were more likely than both millennials and xennials to view cryptos as the currency of the future.\u201d<\/p>\n

What do you think about the study that shows 3 in 4 crypto investors have profited from crypto investments? Let us know what you think about this subject in the comments section below.<\/strong><\/em><\/p>\n

Bitcoin News
\nNews, 1044 polled respondents, 3 in 4 profit, Bitcoin, bitcoin cash, crypto assets, crypto investing, Cryptovantage report, dogecoin, Elon Musk, Ethereum, Gen Xers, Generations, Investing, Millennials, Poll, Survey, xennials<\/p>\n","protected":false},"excerpt":{"rendered":"

Digital currencies have seen significant gains in 2021 jumping 154% in value since January 1. On August 18, Cryptovantage published a study that shows 3 in 4 crypto investors said they had made money on their crypto holdings and cryptocurrencies represent 12% of the average millennial portfolio. 3 in 4 Digital Currency Investors Have Profited…<\/p>\n","protected":false},"author":0,"featured_media":11218,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-11217","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/11217"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=11217"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/11217\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/11218"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=11217"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=11217"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=11217"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}