Almost Half of Millennials Trust Crypto More Than the Stock Market
Main page News, US, Cryptocurrency
Hot topic
20 February
53 53

Yes, you read it right.

Almost half of millennial online traders (individuals currently aged 21-38 years) have more trust in crypto assets than in the US stock market, according to a survey concerning online investors’ sentiment toward crypto-assets and traditional financial institutions carried out by eToro, a leading investment and trading platform.

The survey inquired 1,000 online traders from ages 20 to 65 and achieved some curious conclusions.

  • Nearly half (43 percent) of millennial online traders have less faith in the stock market than in crypto-assets;
  • Almost three quarters (71 percent) of millennials that do not trade crypto currently would invest in crypto-assets if they were offered by traditional financial institutions;
  • Almost all (93 percent) of millennial crypto traders would invest more money in crypto if they were offered by traditional financial institutions;
  • Half of online investors expressed interest in a crypto allocation in their 401k plans;
  • Almost half (45 percent) of those who do not trade crypto expressed interest in having some of their 401k allocated to crypto assets;
  • Almost three quarters (74 percent) of crypto traders showed interest in seeing that option from their 401k provider.

“We’re seeing the beginning of a generational shift in trust from traditional stock exchanges to crypto exchanges. [...] As more investors become educated on the benefits of blockchain we’ll continue to see this trend play out.” — Commented Guy Hirsch, Managing Director of eToro US.

Around a month ago we shared some curiosities concerning the americans who hold crypto. You may check it here.

Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news

Read also:
Please describe the error
Close