Crypto a top trend for Millennial investors

Six in ten Millennial investors consider cryptocurrencies as an important investment trend this year, a poll shows.

The survey from the UK Business Angels Association asked investors about their sentiment towards rising technology trends. It found artificial intelligence (AI), drone technology and crypto are on top of Millennials’ radar in 2018.

40% of all investors are looking to AI this year, with the number rising to 69% of investors aged 18 to 34. A further 64% of Millennials consider drone technology to be the most important trend.

The research, launched in conjunction with the UKBAA’s flagship Global Investor Summit, also found that a business underpinned by data collection is considered important by 35% of all investors, increasing to 59% of Millennials.

70% of 18-34 year old investors believe data-driven retail is important when making an investment. Blockchain technology is judged important by 17% of all investors. Jenny Tooth, Chief Executive of the UKBAA, says the report demonstrates extremely positive signs of continuing growth in the angel market, but many regions continue to show an underserved level of angel investment.

“We therefore welcome the British Business Bank’s implementation of a major new commercial investment programme to stimulate new regional business angel clusters,” she adds.

Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.

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