20% of UK Millennials Prefer Bitcoin Over Real Estate - Survey
20% of the surveyed UK millennials, a group of the population aged between 21 and 35, would rather invest in Bitcoin than in real estate, the UK-based build-to-rent developer Get Living said in its report "Millenial Living in 2018".
"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," according to the report.
The survey was conducted online with more than 3,000 millennials, living across the United Kingdom from March 28th to April 4th 2018. Therefore, even after the profound correction this year Bitcoin holds more intrigue than the prospect of steady growth in house prices.
This translates into the Bitcoin-related results: 27% of male millennials would rather go with Bitcoin, whereas the percentage of female respondents agreeing was not given.
Cryptocurrencies and real estate are not quite apart. Since the young industry has already made waves in almost every business sector, real estate is no exception. Real estate venture Propy, which trades properties in cryptocurrencies on a blockchain-powered platform, has listed an historicRenaissance-era Roman mansion on its database.
Meanwhile, a survey by a banking giant ING showed that interest in cryptocurrency is expected to more than double (although they don't know when), bringing the prices up as well, as reported.