Study Shows Millennials Favor Bitcoin Over Traditional Banking

One in four millennials are investing their hard-earned money in the leading digital currency Bitcoin instead of opening traditional bank accounts. They claim that they earn more from their Bitcoin investments and their money is safer, according to a survey.

Based on the survey conducted Blockchain Capital, 70% of the 10,000 millennials who were polled claimed that they are not content with the interest rates offered by banks and almost 65% said that their money is safer in Bitcoin because they personally control it. The survey also showed that nearly two-thirds of female respondents have begun to branch out from Bitcoin and invested in other digital currencies in order to diversify their portfolio…

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