{"id":51057,"date":"2021-06-08T13:05:58","date_gmt":"2021-06-08T13:05:58","guid":{"rendered":"https:\/\/timestampmag.com\/?p=51057"},"modified":"2021-06-09T13:54:24","modified_gmt":"2021-06-09T13:54:24","slug":"two-in-five-aussie-millennials-would-prefer-crypto-over-real-estate","status":"publish","type":"post","link":"https:\/\/timestampmag.com\/2021\/06\/08\/two-in-five-aussie-millennials-would-prefer-crypto-over-real-estate\/","title":{"rendered":"Two in Five Aussie Millennials would Prefer Crypto over Real Estate"},"content":{"rendered":"<ul>\n<li>Australians\u2019 long-standing preference for real estate investment may be changing as younger Australians trust crypto more as an investment option.<\/li>\n<li>Millennials in Australia do not trust traditional investment platforms as much as people did in the past.<\/li>\n<li>Australia\u2019s Younger generation is changing the dynamics around the idea of investing in digital assets.<\/li>\n<\/ul>\n<p>According to a recent survey conducted by Kraken, a U.S.-based <a href=\"https:\/\/timestampmag.com\/2020\/03\/01\/whats-the-crypto-in-cryptocurrency\/\" target=\"_blank\" rel=\"noopener\">crypto<\/a> exchange company, about 40% of millennials in Australia trust crypto as an investment option rather than real estate.<\/p>\n<p>The <a href=\"https:\/\/www.kraken.com\/en-us\/\" target=\"_blank\" rel=\"noopener\">survey conducted by Kraken<\/a> has revealed that young Australians are subscribing to the idea of cryptocurrency. Moreover, the report also found that Australian millennials (born between the early 1980s and the mid-to-late-1990s) do not trust traditional investment platforms as much as people did in the past.<\/p>\n<p>Although Australian millennials were the generation of participants that most likely preferred cryptocurrency over real estate, 31% of generation X survey participants (born between the mid-1960s and early 1980s)and 24% of generation Z participants (born between the late 1990s and 2010) expressed similar sentiments.<\/p>\n<p>In response to the research findings, Jonathon Miller, Managing Director, Kraken Australia, said that even though Australia is lagging behind the U.S. in terms of adoption, it is a rapidly growing market for crypto assets that is mainly driven by demand from millennials. \u201cAustralians still maintain some conservative attitudes toward investment. Property has been a cultural norm and high on the wish list for most investors, but as affordability continues to be an issue, we\u2019re seeing more young people look for other options to grow wealth\u201d, quoted Miller.<\/p>\n<p>Additionally, Miller said that it is the younger Australians who are shifting the dynamic and believes the bigger market to come around the thought of investing in digital assets.<\/p>\n<h2>More Crypto craze among Aussies<\/h2>\n<p>According to a new research report by <a href=\"https:\/\/www.finder.com.au\/bitcoin-statistics\" target=\"_blank\" rel=\"noopener\">Finder<\/a>, more Australians are turning their attention to cryptocurrencies after a recent surge in their prices. The research of 1,004 participants has found out that about 25% of Australians either own cryptocurrency or plan to buy by the end of 2021- equivalent to about 5 million digital currency investors.<\/p>\n<figure id=\"attachment_51059\" aria-describedby=\"caption-attachment-51059\" style=\"width: 1280px\" class=\"wp-caption alignleft\"><img fetchpriority=\"high\" decoding=\"async\" class=\"size-full wp-image-51059\" src=\"https:\/\/timestampmag.com\/wp-content\/uploads\/2021\/06\/cfa.jpg\" alt=\"\" width=\"1280\" height=\"720\" srcset=\"https:\/\/timestampmag.com\/wp-content\/uploads\/2021\/06\/cfa.jpg 1280w, https:\/\/timestampmag.com\/wp-content\/uploads\/2021\/06\/cfa-300x169.jpg 300w, https:\/\/timestampmag.com\/wp-content\/uploads\/2021\/06\/cfa-1024x576.jpg 1024w, https:\/\/timestampmag.com\/wp-content\/uploads\/2021\/06\/cfa-768x432.jpg 768w\" sizes=\"(max-width: 1280px) 100vw, 1280px\" \/><figcaption id=\"caption-attachment-51059\" class=\"wp-caption-text\">Source: <a href=\"http:\/\/www.cefa.org.au\/ccf\/why-are-we-called-%E2%80%98commonwealth-australia%E2%80%99\" target=\"_blank\" rel=\"noopener\">CEF<\/a><\/figcaption><\/figure>\n<p>The study also shows that <a href=\"https:\/\/coinmarketcap.com\/currencies\/bitcoin\/\" target=\"_blank\" rel=\"noopener\">Bitcoin is the largest digital currency<\/a> and makes up over 40% of the total value of the biggest 250 cryptocurrencies as of June 2021. Nevertheless, the recent cryptocurrency trend has attracted a lot of new investors into the digital currency space who are eager to add a new stream of earnings to their assets portfolio, and experts believe that young Australians will be the driving force when it comes to cryptocurrency adoption in the near future.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Australians\u2019 long-standing preference for real estate investment may be changing as younger Australians trust crypto more as an investment option. Millennials in Australia do not trust traditional investment platforms as much as people did in the past. Australia\u2019s Younger generation is changing the dynamics around the idea of investing in digital assets. According to a [&hellip;]<\/p>\n","protected":false},"author":19,"featured_media":51058,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[605,370,413,137,607,340,606,422],"_links":{"self":[{"href":"https:\/\/timestampmag.com\/wp-json\/wp\/v2\/posts\/51057"}],"collection":[{"href":"https:\/\/timestampmag.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/timestampmag.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/timestampmag.com\/wp-json\/wp\/v2\/users\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/timestampmag.com\/wp-json\/wp\/v2\/comments?post=51057"}],"version-history":[{"count":2,"href":"https:\/\/timestampmag.com\/wp-json\/wp\/v2\/posts\/51057\/revisions"}],"predecessor-version":[{"id":51070,"href":"https:\/\/timestampmag.com\/wp-json\/wp\/v2\/posts\/51057\/revisions\/51070"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/timestampmag.com\/wp-json\/wp\/v2\/media\/51058"}],"wp:attachment":[{"href":"https:\/\/timestampmag.com\/wp-json\/wp\/v2\/media?parent=51057"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timestampmag.com\/wp-json\/wp\/v2\/categories?post=51057"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timestampmag.com\/wp-json\/wp\/v2\/tags?post=51057"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}