Bitcoin is still a novelty and hasn’t achieved widespread adoption as a currency, but some believe Millennials will be more open to using it. A new survey from Goldman Sachs Global Investment Research indicates that Millennials have mixed feelings about Bitcoin so far.
- A slight majority — 51% — haven’t used Bitcoin, and don’t plan to use it in the future.
- However, a solid 27% have used Bitcoin before.Twenty-two per cent are active users, and another 5% have tried it before but don’t plan to adopt it again.
- The final chunk — 22% — haven’t used it but might in the future.
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The high percentage of Millennials in the survey that say they use Bitcoin deserves some scepticism considering that there are only about 6.5 million Bitcoin wallets in the world — the survey implies that some 16 million US Millennials have used Bitcoin.
Bitcoin activity is relatively small globally. Only 4 to 8% of Bitcoin wallets contain bitcoins — the rest are empty. And global daily Bitcoin-based retail sales are an estimated $US2.3 million, which would represent just .015% of total daily retail sales in the US ($US15 billion), according to data acquired by Reuters.
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