Bank of America has found that younger wealthy Americans are 7.5 times more likely to hold crypto in their portfolios than older investors. cryptocurrency bitcoin
Bank of America's Survey of Wealthy Americans: Younger People Are 7.5 Times More Likely to Hold Crypto in Their Portfolios
“Conventional investment advice suggests that younger investors hold more stocks, not fewer, than older investors. Yet the 21 to 42 age group holds just a quarter of their portfolio in stocks, compared with 55% of investors aged 43 and older,” the report details, noting: “While 29% of younger people said crypto presents a leading opportunity to create wealth, only 7% of the older group agreed. The younger group is generally
Bank of America emphasized that age is “the dominant factor when it comes to interest in cryptocurrencies,” elaborating:
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