According to a latest survey by CNBC, most millennial millionaires have invested in cryptocurrencies and are planning so as to add extra to their portfolios by 2022, regardless of the latest drop in cryptocurrency costs.
The survey revealed that not less than 83 % of American millennial millionaires personal cryptocurrencies, and greater than 53 % personal half of their wealth in crypto and practically a 3rd personal not less than one third of their wealth in bitcoin, ether, and different cryptocurrencies. lower than three-quarters.
It needs to be famous {that a} millionaire is an individual whose internet value or belongings is the same as or a couple of million items of forex. Whereas a millennial, by definition, is an individual born between 1981 and 1996.
According to the survey, Millennials are in all probability extra crypto-forward than others as buyers. “Crypto holdings of Millennial millionaires distinction with older generations of millionaires. Only 4 % of Baby Boomers (these born between 1946 and 1964) maintain any cryptocurrency, whereas greater than three quarters of Gen X buyers (between 1965-1980) born individuals) don’t have any crypto belongings.”
Nearly 48 % of the surveyed millennial group confirmed that they plan to extend their cryptocurrency investments in 2022, whereas 39 % stated they’d stay at their present ranges. In reality, solely 6% reported plans to scale back their crypto investments over the subsequent 12 months.
Meanwhile, in November, a survey by knowledge analytics agency Engine Insights confirmed that not less than 59 % of two-thirds of Gen Z respondents (born between 1997 and 2012) consider they’re into digital currencies. You could make nicely by investing.
According to a brand new report by Crypto Research and Intelligence Business (CREBACO), round 15 million Indians have adopted crypto thus far and have invested round $10 billion in crypto belongings.
Earlier, in March, a examine by fintech platform Stilt revealed that 94 % of crypto consumers are Gen Z or Millennials—in comparison with solely 6.14 % of all different consumers over the age of 40. “Despite more limited access to credit and higher amounts of debt, Gen Xers and Millennials are still putting their money – and expectations – largely in cryptocurrencies,” the corporate stated in a weblog publish.
,
With inputs from TheIndianEXPRESS
