[2017-10-31]Survey: Younger Americans More Interested in Cryptocurrencies, ICOs

[Jating]

Younger Americans appear to be more interested in cryptocurrencies compared to other age groups.

That's according to the latest survey published by digital student loan servicer LendEDU, which asked roughly 1,000 U.S. citizens about ether and Ripple's XRP token at the end of October. The questions ranged from whether people had heard of ether and XRP to if they would invest in the cryptocurrencies.

According to the survey, 31.6 percent of respondents have heard of ethereum (with 18.2 percent planning to invest in it) while 22.2 percent have heard of XRP (with 14.8 percent intending to purchase some).

After breaking the results down by age, the data shows that roughly a third of respondents between the ages of 18 and 44 planned to invest in ether, while another third did not. The final third was uncertain.

A far smaller portion of adults aged 45 and up planned to invest in ethereum, with between 89–98 percent of respondents saying they were either not going to invest or were unsure.

The results of the research closely match LendEDU's previous survey, which instead took a focus on bitcoin. In that survey, the majority of respondents who had heard of bitcoin were also in the younger age ranges, while older respondents indicated less awareness of the cryptocurrency.

The latest survey also looked at initial coin offerings (ICOs), finding that roughly a quarter of respondents had heard of the blockchain funding model, while 75.1 percent had not. However, there was some uncertainty around the status of ICOs among even those who had heard of them.

https://www.coindesk.com/new-survey-confirms-younger-users-more-interested-in-crypto/

[Reatim]

I think it just shows that Americans are steadily finding cryptocurrencies as good investment platforms are compare to the old generations who still thinks like Warren Buffet. that stocks or gold are the real deal. And I think that age bracket (18-45)as well are the age of most of the crypto enthusiast here in the forum. So for me, its no surprise that this age bracket born around early 1970's who are then yuppers in the dotcom bubble era would put their money in crypto because they have seen something like this before, whether they consider bitcoin as bubble or not today.

[Benezim]

A far smaller portion of adults aged 45 and up planned to invest in ethereum, with between 89–98 percent of respondents saying they were either not going to invest or were unsure.

This is an incredibly high number, but it corresponds with the kind of feedback I receive when bringing up cryptocurrencies with friends, colleagues, family etc.

No one has really looked into it, most believe it's a Ponzi scheme, a lot of skepticism in the general population. Seems that Bitcoin/crypto has plenty of room to grow.

[bubblebit]

Not surprised at all, Americans youngster is much more risk taker because of a higher superiority in adaptation and has much freedom financially since they’re independent statues at teenage life. Cryptocurrency is also much easier to be with than any other investments that is available in the market.

The anonymity is also part of the reason Americans are so like the most of us, we treasured our privacy especially in our digital currency information and details.

[marckenigsberg]

Also 15% planning on investing in ICO's.
That's very high

[iamTom123]

The results of this survey clearly shows the divide between people who are more inclined to hold on to traditional way of thinking and methods of investing versus those belonging to the younger generation and more inclined to try new things and innovative ways of investment tools. Now, even without this survey, it would be easy to assume that since we are also dealing here with new technology, it would be the young generation who can be more adept and more interested to try cryptocurrency. This is also true with the internet use though the older generation is already catching up otherwise they would be left behind.

All of these things are showing us the great potential for cryptocurrency in the hands of the young people. As more and more adolescents are getting into Bitcoin, we should be expecting that they would be demanding more innovations and better platforms to have their voice and preferences heard. I am personally expecting a more explosive cryptocurrency market in the years to come due to the young blood getting into it.

[acquafredda]

Bitcoin paves the way for a huge paradigm shift in our way of dealing with the economy. In the coming years there will be a clash between the old financial world and this new "token" economy. These guys will never step into a bank and banks know that.
Interesting times we will be facing.
As soon as you have BTC, relax. 
Dinosaurs are going to die again, hopefully.