Bitcoin Power: Over 88,000 Millionaires Build Their Wealth Through Crypto – S...
The crypto world now boasts a staggering 88,200 crypto-millionaires scattered across the globe, according to the latest Crypto Wealth Report. This burgeoning class of wealth holders has seen their fortunes swell thanks to the ever-expanding digital asset universe. Astonishingly, half of these newly minted millionaires have pinned their financial dreams on Bitcoin (BTC), the world’s […]
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Millennial millionaires are the subset of millionaires most bullish on crypto, a new CNBC survey has found. Millennials hold more of their wealth in cryptocurrencies compared to any other millionaire class and have said they plan to add more to their crypto investments next year. This indicates a move from more traditional forms of investments towards digital assets as the major investment vehicle. Millennials Making Millions From Crypto The CNBC survey found that millennial millionaires were more likely to put more of their wealth in crypto. In fact, about 53% of all millennial....
Over 80% of the young millionaires own bitcoin and cryptocurrency, and 53% have at least half their wealth in such assets.
The generational gap in investment could create issues for wealth managers, says President of CNBC’s survey partner Spectrem. 2021 has proven to be the year of crypto adoption where institutional crypto investments and millennials turning millionaires were familiar headlines.A new CNBC survey has revealed that a majority of millennial millionaires have invested a significant chunk of their portfolio in crypto and plan to continue their crypto investments in 2022. The survey polled investors with assets of $1 million or more, and 83% of the polled millennial millionaires revealed they had....
Ten years ago if you asked someone what their plans were for building wealth, their answer would have likely been investing long-term in real estate, the S&P 500, bonds, private equity, or hedge funds. Fast forward to 2022 and the dawn of DeFi has revolutionized the way people seek to build wealth for the future, with digital assets now providing a new alternative for investment opportunities. Although generational wealth has historically been accumulated through traditional investment streams, a recent survey by CNBC Millionaire Survey found that 47% of millennials have 25% of their....
While the cryptocurrency economy has seen significant losses across the board — losing billions during the last two weeks — a recent CNBC millionaire survey indicates that millennial millionaires have a lot of crypto. Furthermore, millennial millionaires plan to add more digital assets to their portfolios in 2022. 83% of Millennial Millionaires Own Cryptocurrency, According to Recent CNBC Millionaire Survey CNBC recently conducted a survey that shows 83% of millennial millionaires own cryptocurrency. The survey polled investors that have assets worth $1 million or more and....