Most people have heard of bitcoin by now, but young people have the highest conviction about it, the Blockchain Capital/Harris Poll reveals. | Source: Shutterstock

By CCN: Millennials bask in knowing they are far more ahead of the technology curve than older adults. This is why their demographic has been more willing to embrace bitcoin as a long-term investment. But what about the stock market?

Their proclivity toward crypto has led many to abandon good old fashioned stock market investing. This may prevent them from reaping the long-term gains inherent in buying the Dow Jones Industrial Average, S&P 500, and Nasdaq.

Millennials’ Love Affair with Bitcoin

There are no bigger champions of bitcoin than people who are under the age of 35. Harris Poll conducted a survey on behalf of Blockchain Capital. The poll spanned April 23–25, 2019 across more than 2,000 adults. Blockchain Capital General Partner Spencer Bogart shared the survey’s findings in a Medium post.

By popular request – here's the breakdown of people that responded to the Harris Poll survey. Will share more interesting results in the coming days/weeks :) pic.twitter.com/oBUKdB7t9a — Spencer Bogart (@CremeDeLaCrypto) April 30, 2019





When it comes to bitcoin, millennials comfortably check off the following boxes:

Awareness

Familiarity

Perception

Conviction

What’s more telling is their propensity and willingness to buy bitcoin. Despite the crypto winter, the percentage of people indicating they are ‘very’ or ‘somewhat’ likely to buy bitcoin in the next five years rose by nearly half. The survey found that 27% of respondents would prefer bitcoin to stocks as of April 2019 vs. 19% in the bull market of October 2017.

millennials

The propensity to buy bitcoin has increased since the bull market of 2017. | Source: Spencer Bogart Medium Post

Read the full story on CCN.com.