Almost 50% of US millennials are comfortable with cryptocurrencies

A Bankrate survey shows that nearly half of millennials are comfortable investing in the crypto market, compared to 37% of Gen X and 22% of baby boomers. result is in line with previous surveys, showing all millennials who are passionate about cryptocurrencies.

results of a survey conducted by Bankrate show that almost half of millennials in the United States are comfortable with cryptocurrencies. In particular, 49% of millennials agreed with cryptocurrency investments, 37% of generation X and 22% of the baby boom generation.

Bankrate survey was conducted in mid-2021 and has no real surprises for the reader. For example, it concludes that millennials are the most comfortable buying cryptocurrencies across all age groups. Millennials are defined as those between the ages of 25 and 40.

And this is not the first survey of its kind, indicating that younger generations are more willing to invest in cryptocurrencies. In June 2021, a survey by CNBC and Spectrum Group showed that 47% of millennials have at least 25% of their wealth in cryptocurrencies. This is a significant sum compared to previous generation investment portfolios.

Real estate and equity remain popular options for older Americans, but the upward trend in cryptocurrency investments cannot be denied. This is partly because the market is more accessible, intuitive, and even more secure than in previous years. re are more investment vehicles and investors are generally better informed than they were during the madness of 2017.

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While real estate remains a popular option in general, bitcoin still attracts millennials more than the real estate market. Confidence in the cryptocurrency market is spreading to teens, and 45% of teens think they know more than their parents.

Cryptocurrency inflows grow as the market legitimizes

Perhaps most interesting is the fact that the number of people willing to invest in cryptocurrencies is growing. This comes at a time when the asset class becomes more legitimate, with the entry of institutions and the formation of regulations.

bitcoin / »class =» autolink »target =» _ blank »> Bitcoin ETFs, for example, are on the rise, and the US is seeing some of its first investment vehicles. re are many more waiting in the pipeline, and it is only a matter of time before aspiring investors have more investment options to choose from.

implementation of regulatory frameworks will also help alleviate concerns related to cryptocurrency investments. In the US at least, this is expected in the near future and could help attract new investment by removing regulatory concerns.

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