Youngsters in the United Kingdom Prefer Cryptocurrencies to Stocks, Results from Survey
With every passing day, the demand for cryptocurrencies as a source of short-term and long-term investment continues to rise. As of now, almost every country is closely observing the currency activities of cryptocurrency markets. They are also trying to identify how they can adopt the technologies and offer something new to their citizens.
When it comes to mass adoption, South Korea has emerged as one of the countries that is going all-in for cryptocurrencies. Just recently, a survey had shown that people from all groups and even all classes are eager to invest in cryptocurrencies.
As the cryptocurrency industry progresses, more people are getting attracted to this industry so, they can invest their savings and make huge profits from it.
While South Korea continues to reign over the world in terms of cryptocurrency markets, other countries are also trying to catch up to it. Several countries are now eager to find out how many of their citizens from different income classes as well as age classes are ready to invest in cryptocurrencies.
Following the footsteps of the South Korean financial firms of conducting a crypto survey, Charles Schwab has also done the same.
Charles Schwab is a major financial group that is headquartered in the United States but provides services throughout the American, UK, and European regions.
Recently, the relevant teams at Charles Schwab had carried out a survey in the United Kingdom. The purpose of the survey was to know what the youth thinks of cryptocurrencies and stocks. The survey revolved around finding out where the youngsters stand and which side they take between crypto investments and stock investments.
The results gathered by the financial group are very shocking for the entire trading industry in the country but promising for the cryptocurrency industry.
The survey showed that the majority of the youngsters would invest in cryptocurrencies than do it in stocks. After acquiring the results, the firm has announced it is currently considering the possibility of adopting cryptocurrencies and offering them to their clients.
The executives from Charles Schwab clarified that currently, they are in the process of acquiring approval from the regulator. Once that happens, they will be able to start offering cryptocurrencies to their clients.
At present, Charles Schwab is one of the largest financial groups in the entire world and has more than 31.9 million active users on its platform. The survey was reportedly carried out among 1,000 participants who were at or slightly above the age of 18.
According to sources, the majority of these individuals had already invested in Bitcoin (BTC) and they were making huge profits through their investment.