Nearly Half of Millennials Comfortable Owning Cryptocurrencies

Author: Rosemary Barnes
12.01.2022

Bankrate's survey results reveal that nearly 50% of US millennials hold digital currencies. In particular, 49% of Generation Y representatives are comfortable getting crypto, along with 37% of Gen X and 22% of the boomer generation.

The Bankrate poll was organized in the middle of 2021, and the result didn't surprise anybody. For instance, it shows that Gen Y is the most interested in purchasing digital coins among all age ranges. For the record, millennials are those between 25 and 40 years.

And this is not the first poll that determines a high desire of youngsters to invest in digital currencies. In June 2021, an inquiry conducted by CNBC and Spectrum Group indicated that 47% of Gen Y invested at least 25% of their net worth in cryptocurrencies. This is a tremendous amount when compared to portfolios of older people.

Older generations in the USA prefer to buy real estate items and stocks, but many are interested in crypto investments. It lies partly in easy access, intuitiveness, and safety. Many investment options emerged in recent years, and people know more about digital coins than they were during the mass hysteria of 2017.

Although the housing market still holds the leading position in people's preferences, Bitcoin & Co seems more attractive to Generation Y representatives than real estate. And the age range of those interested in digital coins is becoming even broader — 45% of the teenage group think they know more about cryptocurrencies than their relatives.

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