In the wake of the US Securities and Exchange Commission requesting that some exchanges halt trading and that some investors move their crypto assets out of exchanges before the end of the year, an interesting stat has emerged. According to the 2017 State of the Millennial Report, two-thirds of millennials want to invest in cryptocurrencies via their retirement funds. The report stated that “mortality rates are higher among young people” and that “the share of young adults who have any type of traditional retirement savings account, such as a 401(k) or IRA, for example, is significantly lower than the share of baby boomers.”
There are hundreds of articles – even academic studies – written on this topic, and the results are pretty consistent: millennials want to invest in blockchain assets. In fact, a survey of 1,000 people from across the globe, where a whopping 40% of respondents said they are currently interested in using their pension funds to invest in cryptocurrency, clearly demonstrated the growing desire for people to invest in the next generation of alternative assets. This is not surprising, given that millennials are the first generation to grow up with the internet, and while they may have access to a number of different financial tools, investing in crypto assets is clearly the most popular.
The cryptocurrency market is slowly climbing the ladder to mainstream adoption, and the millennials are driving the market. A recent survey found that 40% of millennials want to invest their pension in cryptocurrency. According to a recent survey conducted by the global fintech research firm, EY, it appears that the millennials are the driving force behind digital currencies.
Summary of the situation
– Almost half of millennials would like to invest their retirement in cryptocurrencies.
– A UK study examines the value of investing in digital coins for different savers.
According to the study, half of millennials would like to invest their retirement in crypto assets. This study of pensions in the UK examines the attractiveness and appeal of new investment opportunities for a wide range of savers.
This study shows that the propensity for digital currency among millennials is high – nearly 40%.
But cryptocurrencies are less attractive to older generations. The percentage was 10% for generation X (age group 41-56), 7% for baby boomers (age group 57-75) and 10% for the silent generation (age group 76 and older).
Millennials want crypto-currencies
The same study found that 20% of investors want to include cryptocurrencies in their retirement plans. For the unconsulted analogue this figure was 8%.
A significant percentage of investors who received a recommendation (22%) said they would include medical cannabis in their retirement plan, compared to 13% of investors who did not receive a recommendation. The most popular retirement investment alternative for investors is gold and silver (45%), followed by residential real estate (33%).
About a quarter of respondents (24%) would invest their retirement in frontier markets, while 23% would invest in metals and rare earths. About one in five respondents chose farmland or forests (19%) and medical cannabis (18%).
This is followed by vegan products (17%) and cryptocurrencies (15%). Demand for silver and gold is much higher among the silent generation (nearly 50%), baby boomers (49%), millennials (22%) and frontier markets (28%).
Concerns about annuities with cryptocurrencies
The study also revealed concerns about pension funds investing in new areas, such as B. Cannabis stocks or crypto-currencies.
They are wary of investing in an unregulated or fraud-sensitive sector (43%). But more than a third are concerned that people still do not understand the risks associated with these investments (38%).
The study was conducted by CoreData, an international research company. The survey was conducted in March and April among 500 UK retail investors.
Andrew Inwood, managing director and co-founder of Coredata, said these findings and research show that millennials and retiree investors have a greater appetite for exotic and alternative investments, but are clearly aware of the potential dangers these investments pose.According to new research conducted by Finder.com.au, almost 40 per cent of millennials would consider investing their pension funds in the cryptocurrency markets. This equates to around 2.7 million Australians aged 18 to 34. The research found that many young adults are turning to the digital currency markets as a way of maximising their return on their retirement savings. With 70 per cent of respondents believing that cryptocurrencies provide a legitimate value proposition to their retirement savings, millennials are investigating the space in a bid to diversify their portfolios and diversify their risk.. Read more about dogecoin and let us know what you think.
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