75% of Americans want crypto in their portfolio

Bank of America recently conducted a survey on cryptocurrencies performed in the United States. What now appears? At least three quarters of all young people in the country are planning to expand their investment portfolio with cryptocurrencies such as bitcoin (BTC). In addition, they expect that today it has become impossible to achieve above-average returns within the traditional financial system.

American millennials opt for crypto

The research from Bank of America reaffirms what we already knew. Previous studies have shown that the younger generations are much more likely to invest in cryptocurrencies.

In its most recent surveys, Bank of America estimates that 75% of US investors under the age of 42 believe that alternative financial instruments such as cryptocurrencies, real estate, private equity and commodities should have some place in their portfolio. In their view, exposure to traditional stocks and bonds alone can no longer guarantee future earnings at a time of high macroeconomic uncertainty.

By comparison, only 32% of Americans over the age of 42 believe the same thing. The older generations appear to be still reluctant and have a lot more confidence in the existing financial system. Also, according to the research, only 5% of older generations in the United States have already invested in cryptocurrencies.

Interest is declining

Recently in the bitcoin news to read that interest in crypto among millennials had declined in the past year. A Bankrate study found that the demand for cryptocurrencies among the younger generations has increased by as much as . since 2021 39% decreased.

Nevertheless, this research also confirms that it is mainly young people who are charmed by the crypto market, even though this interest is now lower than a year ago. This decline can of course also be easily explained by the falling prices of recent times. After all, Bitcoin is worth less than half it was 12 months ago.

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