39% of American Millennials have cryptocurrencies, the report says
Crypto-assets are becoming popular throughout the United States despite the recent downturn in the market. Alto’s latest survey results indicate that almost 39% of millennials surveyed have cryptocurrency assets. This number is more than millennials who invested in mutual funds.
The global market value of cryptocurrencies reached a record high of about $ 3 trillion in November 2021. Despite a massive fall in prices, the use of digital currencies has continued to grow in recent months.
Crypto has established itself as one of the most popular alternative investment options in the last decade. Alto’s report noted that an increasing number of millennials are exploring various alternative investment options to diversify their portfolios.
In terms of interest in digital assets, the vast majority of millennials either own or value crypto. Nearly 40% of millennials own crypto, which is greater than the percentage of millennials who own mutual funds and about equal to the number of millennials who own individual stocks. owning cryptocurrency is likely to include it in its pension portfolio. Over 70% of millennials who own cryptocurrencies and an IRA hold crypto in an IRA, Alto’s report states.
Crypto
Global cryptocurrency users increased by 178% in 2021 and reached 300 million. Retail and institutional adoption have risen significantly over the past 12 months. While the rapid adoption rate has slowed slightly in recent weeks, young investors have begun to diversify their portfolios into assets such as real estate.
“It may be in the news more often, but that does not mean that crypto is the only option that is interesting to millennials. The alternative investment that is most appealing to millennials is real estate, with 77% of millennials showing interest. Innovation funds also have millennials’ attention “with 67% saying they would be interested in investing. Venture capital and angel investment also capture interest among 55% of millennials,” the report added.
Crypto-assets are becoming popular throughout the United States despite the recent downturn in the market. Alto’s latest survey results indicate that almost 39% of millennials surveyed have cryptocurrency assets. This number is more than millennials who invested in mutual funds.
The global market value of cryptocurrencies reached a record high of about $ 3 trillion in November 2021. Despite a massive fall in prices, the use of digital currencies has continued to grow in recent months.
Crypto has established itself as one of the most popular alternative investment options in the last decade. Alto’s report noted that an increasing number of millennials are exploring various alternative investment options to diversify their portfolios.
In terms of interest in digital assets, the vast majority of millennials either own or value crypto. Nearly 40% of millennials own crypto, which is greater than the percentage of millennials who own mutual funds and about equal to the number of millennials who own individual stocks. owning cryptocurrency is likely to include it in its pension portfolio. Over 70% of millennials who own cryptocurrencies and an IRA hold crypto in an IRA, Alto’s report states.
Crypto
Global cryptocurrency users increased by 178% in 2021 and reached 300 million. Retail and institutional adoption have risen significantly over the past 12 months. While the rapid adoption rate has slowed slightly in recent weeks, young investors have begun to diversify their portfolios into assets such as real estate.
“It may be in the news more often, but that does not mean that crypto is the only option that is interesting to millennials. The alternative investment that is most appealing to millennials is real estate, with 77% of millennials showing interest. Innovation funds also have millennials’ attention “with 67% saying they would be interested in investing. Venture capital and angel investment also capture interest among 55% of millennials,” the report added.
