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Cryptocurrency VS Fiat :New Survey Shows Millennials Choice

There as been ongoing debates about which one would be more accepted in the long term, especially considering the volatility and decentralization of crypto currencies compared to the stability of FIATS. In a recent survey carried out by a trading platform, Etoro, this argument is gradually coming to an end.

In eToro’s press release about the survey, the firm did a countrywide survey of 1,000 online traders and showed that 77 percent of Generation X respondents “trust stock exchanges more” than a crypto asset-related investment of emerging markets or alternative markets.

The managing director at eToro, Guy Hirsch said:

“We’re seeing the beginning of a generational shift in trust from traditional stock exchanges to crypto exchanges. At the heart of this change are the asset classes themselves. Younger investors’ experience with the stock market has seen a great deal of loss of trust, with the fall of Lehman Brothers because of irresponsible practices followed by the worst recession since the Great Depression.”

In some other research executed by the eToro’s survey suggested that some of the younger investors had more faith in cryptocurrency investments rather than traditional stocks. More notably, eToro’s nationwide poll of US-based investors found “even among millennials that [said they] don’t trade crypto, one-third said they would trust crypto over the stock market.”

for more cryptocurrency news, check out cryptofrica.com

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