Millennials Enthusiastic About Crypto As Majority Say Stock Market Investing Is Too Risky: New Study

Companies that allow clients to fund their retirement accounts in cryptocurrencies reveal how the millennial generation views the equity and digital asset markets.

New research by Alto Survey target 1,200 millennials aged 25-40, with investable assets of $ 2,500 or more and household income of $ 35,000 or more.

Millennials are enthusiastic about cryptocurrencies, as 39% of their crypto assets are owned by cryptocurrencies, according to a survey. 70% of millennials who own cryptocurrencies and have a personal annuity account (IRA) also have digital assets in the IRA.

“When it comes to interest in digital assets, the majority of millennials are considering whether they own cryptocurrencies. Almost 40% of millennials own cryptocurrencies. This is a mutual fund. More than the percentage of millennials who own it, which is about the same as the number of millennials who own individual stocks.

Those who own cryptocurrencies may include it in their retirement portfolio. More than 70% of millennials who own cryptocurrencies and IRAs own cryptocurrencies in IRA. ”

The survey also reveals that the Millennial generation’s confidence in the stock market is low, as 74% of the surveyed people consider equity investments to be gambling.

Data also show that while 76% of millennials are concerned that a market collapse could wipe out savings, 65% rely on the stock market to provide annual returns made in the past. It says it can’t. In addition, 60% of them find it difficult to generate consistent profits in the stock market unless they are professional investors.

For millennials, the general attitude towards retirement is stress, fear and confusion. There are clear concerns about the risks of investing in the stock market. Millennials’ main concern is the bet of investment, It revolves around the lack of confidence in the current market and the belief that you need to be a professional investor to succeed …

As expected, less than half (42%) of millennials are very open to investing in the stock market. 71% of those who have invested in the stock market feel that their investment portfolio can be more diversified. “

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Disclaimer: The opinions expressed in The Daily Hodl are not investment advice. Investors need to do due diligence before making risky investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfer and transaction is your own responsibility and any loss you may incur is your responsibility. Daily Hodl does not recommend buying or selling cryptocurrencies or digital assets. Also, Daily Hodl is not an investment adviser. Please note that TheDailyHodl participates in affiliate marketing.

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