New Survey: 48% Of American Millennials Prefer Using Crypto Over Fiat

New Survey: 48% Of American Millennials Prefer Using Crypto Over Fiat

A growing number of millennials are interested in using cryptocurrency, according to a recent survey by YouGov Omnibus. The most well-known cryptocurrency among Americans is Bitcoin.

According to the survey, 79% of Americans are familiar with at least one type of cryptocurrency. 71% recognized Bitcoin, which of course, is the largest cryptocurrency by market capitalization.

The survey, which collected answers from 1202 respondents from August 29-30, assesses the interest of respondents in using crypto in everyday life:

“Of the people who believe that cryptocurrencies will become widely accepted, over one-third (36%) say they would be interested in converting to primarily using a cryptocurrency rather than the U.S. dollar. However, a majority (57%) say they would not be interested in converting away from the U.S. dollar. Millennials are almost equally split between being interested (48%) and not interested (50%).”

The study further reveals that 36% of Americans believe that cryptocurrencies will be accepted as a means of transaction for legal purchases within the next decade.

While support for mass adoption is seemingly on the rise, a near-equivalent amount of people (34 percent) do not believe cryptocurrency will become a common medium of exchange by 2028.

Per the survey, only 9 percent of respondents own crypto, while 25 percent said they will own some in the future. 66 percent of Europeans have heard of cryptocurrency, 35 percent agreed that crypto is the “future of spending online,” while 35 percent said it will increase in value in the following 12 months.

New Survey: 48% Of American Millennials Prefer Using Crypto Over Fiat

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