About 40 percent of U.S. residents millennials prefers to invest in cryptocurrencies rather than traditional financial instruments. This is evidenced by data from an online survey conducted by investment company Alto.

Then download our report to learn how #millennial (together #GenX and #boomers) answered these and other pressing questions #retirement plan, #crypto, #alternative assets, #stocks, and more. https://t.co/quFC78J6bJ — Alto (@alto_ira) 24 June 2022

The percentage of respondents owning digital assets is greater than the share of investors. mutual fundsand approximately equal to the number of individual shareholders.

More than 70% of millennial crypto investors with private retirement accounts have coins in them.

The leaders (39%) in terms of investments in digital assets are people aged 25-40. For comparison: in generation x among them there were 32% explosions – 14%.

Cryptocurrencies are attracting the attention of millennials due to their high return potential. However, information on alternative investments is limited among representatives of all generations surveyed – only one in five respondents understand them.

In the absence of awareness, alternative assets are often perceived as exclusive to wealthy and institutional investors. 49% of millennials believe you have to be “too rich to invest in alternative financial instruments”. 63% suggest that such investments will require high commissions.

51% of millennials believe alternative investments are riskier than investments in the stock market.

According to Alto CEO Eric Satz, the current economic situation is preventing young people from seriously considering investing in cryptocurrencies and securities.

“In a world of conspicuous consumption, skyrocketing living costs and rising credit debt, millennials find it difficult to invest in the future because they can’t afford the present,” he said.

Among other alternative investments, real estate (77%), innovation funds (67%), venture capital and angel investments (55%) are also very popular among millennials.

The online survey was conducted among 2,000 non-retired people in the US. Of these, 1,200 were millennials, 400 were Gen Xers, and 400 were Baby Boomers. All participants had at least $2,500 of investment assets at the time of the study and a minimum household income of $35,000.

Recall that in early June, American Forbes learned that almost 30% of the “65 richest people in the world” invest in crypto assets.

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