Millennial Millionaires Own Bitcoin And Want More: Survey
Over 80% of the young millionaires own bitcoin and cryptocurrency, and 53% have at least half their wealth in such assets.The vast majority of millennial millionaires own bitcoin and are planning to increase their holdings next year, according to a new survey conducted and reported by CNBC.The survey polled investors with $1 million or more in investable assets to uncover that 83% of millennial millionaires own cryptocurrencies. More than half (53%) have allocated at least 50% of their wealth in cryptocurrency, while about a third have at least 75% of their investable assets in bitcoin and....
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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....
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