Almost Half of Millennials Trust Crypto More Than the Stock Market
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Feb. 20, 2019
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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.

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