A survey showed that Americans aged 25 to 40 are concerned about the prospects of retirement savings. About a third of them consider cryptocurrency as an investment for a comfortable old age.
The study, conducted by investment firm Alto, sought to identify investment preferences among the American population between the ages of 25 and 40. The report called How Millennials See Their Financial Future found that 39% of American millennials hold cryptocurrency.
Alto analysts pointed out that the number of respondents preferring crypto investments is roughly the same as that of millennials owning individual stocks. But at the same time, there were more of them than those who prefer mutual funds.
The report found that among those survey participants who own cryptocurrency and have an individual retirement account, about 70% hold digital assets in their Individual Retirement Account (IRA).
Recall that U.S. financial holding company Fidelity plans to include an option for retirement savings account holders to invest up to 20% of their funds in BTC.
However, cryptocurrency is not the only alternative that millennials are interested in:
- 77% consider real estate investments attractive;
- 67% are interested in innovation funds;
- 55% are attracted to venture capital and angel investing.
Recent studies have shown that more than 70% of millennials are interested in cryptocurrency investments. Moreover, about 30% of Forbes’ 65 “richest people in the world” are cryptocurrency investors. Coupon Follow analysts also revealed five main reasons not to invest in cryptocurrencies.
