Crypto more popular among millennials than mutual funds, survey shows
The report titled “How Millennials See Their Financial Future” showed that 40% of millennial survey participants have invested in crypto. A report published by investing firm Alto surveyed adults based in the United States to find out their preferences in investing. The results showed that more millennials from ages 25 to 40 are investing in crypto compared to those of the same age who are investing in mutual funds. The survey shows that 40% of millennial participants have invested in cryptocurrencies. According to the report, this is “greater than the percentage of millennials who own....
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Nearly half of Gen Z and Millennials are also already invested in digital assets outside of their retirement funds and cited “inflation” as the biggest obstacle to early retirement. Nearly half of Gen Z and Millennials want to see crypto become a part of their 401(k) retirement plans, according to an October survey from United States asset manager Charles Schwab. Asking participants what they would like to see added to their 401(k) retirement products, the firm found that 46% of Gen Z and 45% of Millennials said they "wish" they could invest in cryptocurrencies as part of their retirement....
In a recent survey conducted by Goldman Sachs, it was discovered that most millennials might not be too open about bitcoin developments. Among the 752 respondents in the survey, 51% indicated that they have never used bitcoin nor do they have any plans of doing so. Meanwhile, 22% said that they have used it in the past and will most likely use bitcoin again. Another 22% said that they have never tried using bitcoin before but they are open to using it. Lastly, 5% indicated that they have tried using bitcoin and have no plans of using it again. Concerns about Bitcoin. With plenty of other....
Young Americans are choosing crypto over mutual assets and ETFs to invest their stimulus checks. A new survey has found that more than one in ten American citizens aged between 18 to 34 have invested part of their Covid-19 stimulus checks into crypto assets.Conducted by CNBC and research firm Momentive, the survey queried 5,530 adults and found that 11% of survey participants had purchased cryptocurrency with their stimulus money. Roughly half of the respondents were found to have funneled their stimulus money into investments broadly — with 15% seeking exposure to stocks, 9% investing in....
A new survey published by Goldman Sachs has found that just over half of US millennials believe they will never use bitcoin. Fifty-one percent of the 752 survey respondents said that they had never used bitcoin nor do they have any plans to do so. Twenty-two percent said they currently use it or have used it in the past, and intend to use it again. An additional 22% said that they have never used bitcoin before but plan on using the digital currency. Just 5% of respondents said they have used bitcoin but do not intend to use it again. The data forms part of a broader look at the financial....
Facebook's survey has indicated a lack of trust in the conventional financial institutions among the millennials. Bitcoin and other cryptocurrencies have gained a lot of traction in the past few years. Even though Bitcoin has been around since 2009, its mainstream adoption started to gather steam only during the last 3-4 years. While one side of the argument states that its notoriety due to increased usage on darknet marketplaces to be the reason, the answer may lie somewhere else. A recent survey conducted by Facebook IQ has shown that a majority of the millennials (individuals between....