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Nearly 50% of American millennials are happy with cryptocurrency

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A Bankrate survey shows that almost half of American millennials are satisfied with investing in the cryptocurrency market, compared to 37% of Generation X and 22% of Baby Boomers. This result is consistent with previous surveys, which all show that millennials are interested in crypto.

No surprises

The results of a survey conducted by Bankrate show that almost half of the millennials in the United States do not mind owning cryptocurrencies. Specifically, 49% of millennials, 37% of Generation X and 22% of Generation “baby boomers” agreed to invest in cryptocurrencies.

The Bankrate survey was conducted in mid-2021 and does not bring any real surprises to readers. For example, it is concluded that millennials are the most satisfied of all age groups with the purchase of cryptocurrencies. Millennials are defined as people between the ages of 25 and 40.

Other surveys speak similarly

And this is not the first survey of its kind to suggest that younger generations are more willing to invest in cryptocurrencies. In June 2021, a survey by CNBC and the Spectrum Group showed that
47% of millennials have at least 25% of their property in cryptocurrencies. This is a significant amount compared to the investment portfolios of older generations.

Real estate and stocks remain a popular choice for older Americans, but the trend of increasing investment in crypto assets cannot be denied. This is partly because the market is more accessible, intuitive and even safer than in previous years. There are more investment instruments and, in general, investors are better informed than they were during the 2017 mania.

Although real estate is generally still a popular choice, BTC still appeals to millennials more than the housing market. Confidence in the cryptocurrency market extends to teenagers – 45% of teenagers think they know more than their parents.

The influx of cryptocurrencies increases as the market legitimizes itself

Perhaps even more interesting is the fact that the number of people willing to invest in cryptocurrencies is growing. This is happening at a time when this asset class is becoming more legitimate, institutions are coming and regulation is being created.

BTC ETFs, for example, are on the rise, with some of the first such investment instruments to appear in the United States. Many more are waiting in preparation and it is only a matter of time before future investors will have a choice of more investment options.

The introduction of regulatory frameworks will also help allay concerns about investing in cryptocurrencies. At least in the United States, this is expected in the near future and could help attract new investment by removing regulatory concerns.w as their adoption grows. 

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All content in this article is for informational purposes only and in no way serves as investment advice. Investing in cryptocurrencies, commodities and stocks is very risky and can lead to capital losses.

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