BofA: Young Are Likely to Hold Crypto

BofA: Young Are Likely to Hold Crypto

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Mike
Mike

An editor at Coincrop


19 Oct 2022 | 2 min read
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new survey from Bank of America found that young Americans aged between 21 and 42 are 7.5 times more likely to invest in cryptocurrency than investors over the age of 43.

The younger generation of Americans with money to invest are less interested in stocks and more willing to put their money into crypto and other alternative investments, according to a recent survey.

A recent survey from Bank of America found that 75% of young investors do not believe it is possible to achieve "above-average returns" with a traditional portfolio.

The youngest group of investors are instead seeking to improve their returns through private equity, commodities, real estate, and crypto as mentioned before.


Mike

Mike

An editor at Coincrop
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Mike is a Coincrop staff writer based in the UK, covering the best rates for cryptocurrency earning and borrowing products. When not at work, he's likely putting his latest car project back together.


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