Young Europeans Abandon Bitcoin and Ethereum in Favor of XRP

According to the latest survey by Morgan Stanley, the investment preferences of young people in Europe regarding cryptocurrency are undergoing a silent revolution. The data reveals astonishing changes in the holding rates of popular digital assets.

The survey conducted among EU interns shows that the holding rate of Bitcoin has dropped from 63% in 2022 to just 12% currently—an unprecedented decline. Similarly, Ethereum has also experienced a striking decrease, from 60% down to 7%.

This decline reflects a broader trend: the percentage of individuals who do not own any digital assets has risen from 69% a year ago to 82% today.

XRP Emerges as a Notable Exception

Contrary to the general trend, XRP has recorded significant growth, rising from 0% to 5% in holding rates. Analysts suggest that this growth may be driven by recent legal breakthroughs from Ripple and a strong price increase expected by the end of 2024.

Morgan Stanley’s findings indicate that young investors in Europe are shifting their focus, prioritizing legal clarity and stability over the pursuit of highly speculative coins.