Millennial Millionaires Own Bitcoin And Want More: Survey Today

81

The vast majority of millennial millionaires own bitcoin and are planning to increase their holdings next year, according to a new survey conducted and reported by CNBC.

The survey polled investors with $1 million or more in investable assets to uncover that 83% of millennial millionaires own cryptocurrencies. More than half (53%) have allocated at least 50% of their wealth in cryptocurrency, while about a third have at least 75% of their investable assets in bitcoin and cryptocurrency.

While younger generations are piling up in the asset class, older millionaires have bitcoin in a much lower percentage of their portfolios. The survey found that just 4% of baby boomers own cryptocurrency, and over 75% of Gen X investors haven’t allocated a single cent into bitcoin or cryptocurrency altogether.

Read More:   Core Scientific Mined Over 1K Bitcoin For The Second Month In A Row Today

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More