US Youth More Interested in Crypto Than Mutual Funds

US millennials are investing more in crypto than mutual funds.

June 28, 2022 July 4, 2022

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70% of the US millennials who invested in crypto have included digital assets in their Individual Retirement Accounts (IRAs).

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Most Americans in the age group of 21-40, who do not own cryptocurrencies, consider entering the ecosystem in the near future.

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According to the survey, more US millennials have distributed some of their wealth into crypto than those who dealt with mutual funds.

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According to another poll by consultancy firm deVere Group, 36% of millennials and 51% of Generation Z would not mind getting half of their paychecks in crypto.

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The new generation is most likely to support an autonomous decentralized digital currency and payment network than a traditional system.

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In another survey, 76% of millennials responded positively when asked if they profited from crypto investments.

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