Millennial Living in 2018: Insights for the UK ‘Build-to-Rent’ Sector, a study in conjunction with FTI Consulting, commemorates real estate group Get Living’s 5th anniversary. Focusing on millennials, it found significant portions turning away from traditional stores of value, such as property and home ownership, in favor of crypto assets.
Millennials Turning from Traditional Investments and Toward Crypto
“For Millennials the soaring performance of Bitcoin – followed by an almost equally profound correction – holds more intrigue than the prospect of steady growth in house prices,” Get Living concludes. “This translated to 27% of male Millennials polled believing Bitcoin represents a better investment than property.”
Is this age group “in the vanguard of the new Sharing Society, where people are less interested in following in the footsteps of their home-owning parents and would rather make a fortune from Bitcoin?” asked build-to-rent advocates Get Living. The group “sought to answer these questions and a host of others about Millennials’ lifestyles in ground-breaking research carried out in cities across the UK in March and April 2018.”
England’s Male Millennials Turning To Crypto, According to Study
That over a quarter of UK males polled, in the 3,065 universe of 21 to 35-year-olds, see crypto as favorable comports nicely with previous studies. In late March of this year, for example, “The Student Loan Report teamed with Pollfish to survey 1,000 current university students with related loan debt, asking one question: Have you ever used student loan money to invest in cryptocurrencies like Bitcoin?” these pages explained. The survey “found that 21.2 percent of current college students with student loan debt have used financial aid money to fund a cryptocurrency investment.” That study itself confirmed a late 2017 Harris Poll, finding that 27% of all millennials preferred bitcoin core (BTC) to traditional stock and bonds.
“The rollercoaster ride in value for Bitcoin has excited many Millennials, with one in five seeing it as an appealing investment proposition compared with relatively slow-moving property values,” Get Living noted. And whatever the actual macroeconomic truth of the matter, a bare majority still hold to legacy investments such as real estate. As to whether still more males, and of course their female counterparts, will continue to move into crypto (and whether this will be for the long term) is anyone’s guess and well beyond the present study’s scope.
I wouldn't expect anything lesser than what is being reported here and its not only in UK, all over the world. Aside from the people in that age bracket who are limited by virtue of their believes or education, almost everyone would have heard about bitcoin and if not invested in it at one point, they would love to invest eventually when they have the means to do it. Youth generally in this generation are wired to challenge the status quo, they tend to go against established rules established and that is why despite the down turn that is being witnessed, they still believe in bitcoin.
However, there are two concerns from my own point of view which are investing for the wrong reasons which I fear might not turn out right. For someone who invested financial aids towards his education because of greed or turning out excessive returns tends to face pressure during the time of low price and there are no sources of getting the fund from else where. Another concern is the people in charge of policies, these are the people who are mostly above the youthful bracket and until youths take charge by occupying majority in the in policy making, the environment will still be hostile.
