Crypto:
30251
Bitcoin:
$66.228
% 1.28
BTC Dominance:
%54.5
% 0.21
Market Cap:
$2.38 T
% 1.77
Fear & Greed:
74 / 100
Bitcoin:
$ 66.228
BTC Dominance:
% 54.5
Market Cap:
$2.38 T

New Generation Invests More in Crypto, According to Survey

Crypto

A new survey released on Tuesday shows that younger generations are more inclined to invest in cryptocurrency compared to traditional stocks. According to the 2024 Policygenius Financial Planning Survey, about 18% of Generation Z own stocks, while 20% own cryptocurrency. This trend indicates a shift in financial planning strategies among young demographic groups, placing more importance on digital assets.

The survey was conducted by YouGov on behalf of Policygenius in mid-October, with 4,063 Americans aged 18 and over participating, with an average margin of error of +/-2%. The findings reveal a stark contrast in investment preferences between generations, with only 33% of Boomers owning stocks and just 5% investing in cryptocurrency.

Myles Ma, a certified personal financial advisor at Policygenius, underscored the evolving wealth storage models of younger generations, which also include adopting new investments like cryptocurrency. Ma suggested that this change might indicate a willingness to take risks concerning young investors’ financial situations and could be influenced by factors such as housing shortage.

Interestingly, a similar conclusion was reached in May of the previous year by the Financial Industry Regulatory Authority Foundation and the CFA Institute. Their surveys revealed that about 56% of Generation Z own some type of investment, with 55% investing in cryptocurrency and 41% investing in individual stocks, highlighting the increasing popularity of digital assets among young investors.


You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

Rate this post
READ:  OKX Delists Privacy-Focused Altcoins in Early 2024

Leave a Reply

Your email address will not be published. Required fields are marked *