Research: Millennials make heavy bets on bitcoin and cryptocurrency

A new survey by Michelmores law firm and research consultancy ComRes found that wealthy millennials are investing significantly more in bitcoin and cryptocurrencies than others. The survey interviewed 501 Britons born between 1981 and 1996. Participants were required to have investable assets of £25,000 or more. The survey found that 20% of respondents said they have invested in cryptocurrency, and the average rate of investment in cryptocurrencies is usually between 1-3%. According to Andrew Oldland QC, senior partner at Michelmores, the findings suggest that millennials may begin to see cryptographic assets as a new paradigm shift in the financial world.