By October 25, 2022 (Investorideas.com Newswire) According to CryptoMonday.de, more millennials in the 3rd quarter of 2022 than any other generation (51%) plan to invest in Bitcoin.
Speaking on the data, Jonathan Merry, CEO of CryptoMonday, said,” Millennials are more comfortable with digital assets than any other generation, and they’re also less risk-averse. They’re willing to put their money into something that could potentially make them a lot of money, even though it’s volatile.”
Other generations are also investing in cryptocurrency. Gen X is the second-most active generation in BTC investment, with 25% of them saying they would invest in the 3rd quarter of 2022. 19% of Gen Z said they would also invest in BTC in the same quarter, while only 5% of baby boomers said they would do so.
Optimism and Excitement Are High, Yet There Is Uncertainty
There are many skeptics, even though most people are optimistic about cryptocurrencies. Some people fear cryptos due to their volatility. However, many individuals believe that digital assets are the way to go.
Baby boomers, for instance, invested the least in BTC and are less fascinated with cryptocurrency since they are a bit analog. They prefer to invest in something that’s tried and true, like gold or real estate. Full story and statistics can be found here: 51% Of BTC Investors in Q3’22 Were Millennials
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