Millennials in Germany are increasingly embracing cryptocurrency, according to a recent report. The study, conducted by the German Blockchain Association, found that nearly half of German millennials have invested in cryptocurrency, with the majority of them investing in Bitcoin.

The report surveyed 1,000 German millennials between the ages of 18 and 34 and found that 45 percent of them had invested in cryptocurrency. Of those who had invested, the majority (77 percent) had invested in Bitcoin. Other popular cryptocurrencies among German millennials included Ethereum (17 percent), Ripple (14 percent), and Litecoin (10 percent).

The report also found that German millennials are more likely to invest in cryptocurrency than their older counterparts. While only 9 percent of Germans over the age of 55 had invested in cryptocurrency, the figure was much higher for millennials at 45 percent.

The report attributed the high levels of cryptocurrency engagement among German millennials to their familiarity with technology and their willingness to embrace new trends. Millennials in Germany are more likely to be tech-savvy and open to new ideas, which makes them more likely to invest in cryptocurrency.

The report also noted that German millennials are more likely to view cryptocurrency as a viable investment option than their older counterparts. While only 27 percent of Germans over the age of 55 viewed cryptocurrency as a viable investment option, the figure was much higher for millennials at 59 percent.

Overall, the report found that German millennials are showing high levels of engagement with cryptocurrency. This is likely due to their familiarity with technology and their willingness to embrace new trends. As more millennials become aware of the potential benefits of investing in cryptocurrency, it is likely that the trend will continue to grow in Germany.