Gen Next Believes Cryptocurrency Will Make Them Millionaires: Survey

New Delhi: The increasing infiltration of cryptocurrency has set the Central government thinking. Enthused by the tremendous hype, young investors are flocking to cryptocurrency exchanges in the hope of earning big profits in quick time.

Around 15 million Indians have embraced crypto and invested $10 billion already, as per Crypto Research and Intelligence Business.

Also Read: Cryptocurrency Can’t Be Stopped But Must Be Regulated: Parliamentary Committee

A recent study by data analytics firm Engine Insights only corroborates this trend. It found that Gen Next investors clearly think cryptocurrency can make them millionaires,

According to the report, two-thirds of Gen Next respondents (born between 1997 and 2012) believe that they could become well off by investing in digital currencies. As for people born between 1981 and 1996, 46% are of the opinion that they could become millionaires by taking the from cryptocurrency route.

Also Read: World Cryptocurrency Market Worth $3 Trillion Now!

“This generation has a greater acceptance and comfort with all things digital, so it’s not surprising they would be more comfortable with crypto,” said Kathy Sheehan of Cassandra, a division of Engine Insights.

A study by fintech platform Stilt had revealed in March that 94% of crypto buyers are from Gen Next.

OB Bureau

Leave a Comment

Recent Posts

Narasingha Mishra Heads Odisha Cong Committee For Panchayat & Civic Body Polls

Bhubaneswar: The Congress party on Monday constituted an election management  committee for the upcoming urban… Read More

5 hours ago

Daily COVID Caseload: 3 Places In Bhubaneswar Report Over 100 New Cases

Bhubaneswar: The daily COVID caseload continued to rise in the capital city as 3 places… Read More

6 hours ago

Govt Urged To Reduce Gap Between Booster Dose From 9 To 6 Months

Hyderabad: After Prime Minister Narendra Modi announced last month that a ‘precaution’ dose of the… Read More

6 hours ago

Odisha Cong Forms 7-Member Committee To Probe Disturbance At JSW Project Site

Bhubaneswar: The Congress party on Monday constituted a fact finding committee to inquire into disturbances… Read More

6 hours ago

Land Acquisition Work For JSW Project Resumes In Odisha’s Jagatsinghpur

Jagatsinghpur: Three days after violent clashes between villagers and police at Dhinkia, the site of… Read More

7 hours ago

India’s First mRNA Vaccine May Be Effective Against Omicron; Trials To Begin Soon

New Delhi: Human trials for India’s first mRNA (messenger RNA) vaccine will begin next month… Read More

7 hours ago