Is Current Bear Market Shaping Millennials' Views On Crypto?

According to Bankrate’s September survey, only 21% of Americans feel comfortable investing in cryptocurrency, a downfall of 35% in 2021.

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This decline is not surprising given that nearly $2 trillion has disappeared from the entire cryptocurrency market since November 2021.

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Investor confidence has declined across generations, but millennials are experiencing the steepest drop.

About 30% of American investors between the ages of 26 and 41 feel comfortable in 2022, compared to nearly 50% in 2021.

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Bitcoin has traded between $18,000 and $25,000 since June, compared to its record high of over $65,000 in November 2021.

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Cryptocurrencies are considered highly volatile assets subject to unpredictable price fluctuations.

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Many financial experts advise against investing more money in cryptocurrencies than you can afford to lose, as there is no guarantee of return.

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