Despite 2022 Market Collapse, Young Investors Still Bullish on Cryptocurrencies: Study
It has been a tumultuous year for the cryptocurrency industry, from the crash in prices to the FTX fiasco. But a new study finds that this has not discouraged many young investors from parking their disposable income in crypto.
According to a new Crypto State of the Industry Report by brokerage firm tastyworks, Generation Zers and millennials are investing in virtual tokens.
The report found that 21 percent of those aged 18–24, 34.9 percent of 25–34, and 21.4 percent of 35–44 are trading digital currencies. While Gen Z is bullish on Bitcoin, millennials are more invested in Ethereum.
Overall, more than half of Gen Z and millennials want to incorporate cryptocurrency into their retirement plans….