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    Home » Cryptocurrencies have become popular assets for long-term savings among US residents

    Cryptocurrencies have become popular assets for long-term savings among US residents

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    By BlockchainJournal on July 24, 2019 News
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    The Bankrate research website summed up a nationwide study of US financial behavior.

    Leading American business media have begun to give an example of the household budget in the country, taking into account the costs of cryptocurrencies, in particular, Bitcoins . The fact that this is a trend is also confirmed by a fresh nationwide study of the financial behavior of Americans, which was conducted by the analytical portal Bankrate.

    According to published data , 17.9% of millennials, that is, those who are between 22 and 37 years old, believe that investing in digital assets on the blockchain is the right decision when it comes to savings of at least 10 years.

    On the scale of the entire US economy, about 3 million adult Americans think that way, and almost as many are not sure that modern financial instruments are able to offer them something worthwhile, thereby presenting a potential investor base in cryptocurrency in the near future.

    The rest of the adult population also has and is willing to invest in cryptocurrencies , but in general in the United States this option is the seventh most popular. Land plots and houses are the most popular investment object in the United States in terms of shares – almost every third American invests in them for a long term. Every fifth citizen of the United States invests in stocks, and in precious metals they invest two times less.

    It is curious that there is a clear understanding between centralized and decentralized cryptocurrencies among Americans, as stated in the study.

    It also receives indirect confirmation due to the results of another recent study , according to which almost half of Americans do not intend to trust their savings to the centralized cryptocurrency Libra , which is planned to be launched in 2020. At the same time, 89% of US residents said that they understand how digital assets work on the blockchain.

    Publication date 07/24/2019
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