With real estate being a second alternative, Bitcoin is still more preferable for a part of the young residents of the United Kingdom, as found out by the property management firm Get Living after an interview of 3000 people between 21 and 35. A fifth of them (21%) responded that Bitcoin would be more beneficial to invest.
The authors of the report note that the speed of Bitcoin price is one of the main factors why the young view it as more intriguing and prospective. Quite likely, there is another reason: we are still seeing the long-term aftermath of the world financial crisis of 2008, a time when overestimated real estate assets collapsed. Indeed, even without any connection to Bitcoin, 74% of respondents think there is a better means of investment than real estate.
Bitcoin has actually emerged as a peculiar response to that financial crisis - “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks” was Satoshi Nakamoto’s message in the genesis block. The technology behind cryptocurrencies might have indirectly provoked the upcoming real estate market transformation. Financial expert David Sacks from the famous ‘PayPal mafia’ has claimed that tokens may increase the attractiveness of this traditional market once again.
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