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Only 4% of The Americans Think Bitcoin Is a Long-Term Investment

A new study by Bankrate,

A financial services company, asked 1,000 Americans: “For the money that will not take you more than ten years, which of the following options may be the best way to invest?” The options include things like real estate, stocks, money savings, precious metals, and of course, bitcoin and crypto’s.

On top of the list, just 11 years after the bubble burst in 2008, real estate is 31%. CryptoCurrencies was the least popular with just 4% of the votes. Interestingly, 5% of people choose “none of the above” in the list of potential long-term investments. Shares were the next most popular, with 20% saying it was the option they would choose. Monetary savings followed only 19%.

Gold / metals and bonds rounded the results by 11% and 7%, respectively.

When the survey segregates responses by age group, the results change. For millennials (those born between 1981-1996), investing in real estate is the most popular choice. This demographic group has often been declared uninterested in ownership of the home, but the study found that they are more likely to choose real estate (36%) than any other group. Crypto also scored high among young investors. It is precisely millennials that far outnumber the larger generations when it comes to investing in the crypto. People born between 1965 and 1979 are three times less likely to choose a horse as an investment than their younger counterparts. Meanwhile, older generations born between 1944 and 1964 are quite predictable to stay away from crypto. It seems that altcoin space is for the younger generations.