Avocado toast and bitcoin, a match made in millennial heaven

December 6, 2017
Move over avocado toast, millennials want bitcoin. (Courtesy of Shari's Berries, via Flickr)

At 500 Startups' PreMoney conference, Blockchain Capital co-founder and managing partner P. Bart Stephens shared a statistic from the crypto-focused firm's recent survey, stating "one in three millennials would rather own bitcoin than government bonds, stocks or even real estate."

A press release summarizing the firm's findings was a little more specific: "When given a choice between $1,000 worth of Bitcoin and $1,000 worth of a traditional financial asset, 27 percent of millennials chose Bitcoin over an equivalent amount of stocks, 30 percent chose Bitcoin over government bonds, 22 percent chose Bitcoin over real estate, and 19 percent chose Bitcoin over gold."

The survey polled 2,000 US adults and also found that 50% of millennial men and 37% of millennial women were at least somewhat familiar with bitcoin. Similarly, 31% of male millennials agreed that bitcoin is a positive innovation in fintech, with just 13% of their female counterparts agreeing.

On Twitter, Stephens' quote spurred quite the debate. ​Here's a selection of the responses we received:
 
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