Crypto more popular among millennials than mutual funds, survey shows
The report titled “How Millennials See Their Financial Future” showed that 40% of millennial survey participants have invested in crypto. A report published by investing firm Alto surveyed adults based in the United States to find out their preferences in investing. The results showed that more millennials from ages 25 to 40 are investing in crypto compared to those of the same age who are investing in mutual funds. The Survey shows that 40% of millennial participants have invested in cryptocurrencies. According to the report, this is “greater than the percentage of millennials who own mutual funds.” Moreover, the number is almost equal to millennials who own stocks. The report, dubbed “How Millennials See Their Financial Future,” also noted that most millennials either already own crypto or are considering buying. However, Alto Founder and CEO Eric Satz said that current conditions make it hard for millennials to consider investing. He explained that: “In a world of conspicuous ...