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Cryptocurrencies more popular than mutual funds?

 


Admittedly, when it comes to retirement, we would probably all like to sip cocktails on the French Riviera and live carefree for the day.


For the majority, however, the reality is that pensions continue to shrink, inflation rates are skyrocketing and eroding savings, and the fear of a recession is increasing. So, bye-bye retirement in Monaco? Maybe.


For this reason, alternative investments in crypto currencies, real estate and venture capital (venture capital) are playing an increasingly important role, especially for millennials. This is the result of a new study by the US investment company Alto.


According to this, more than half (53 percent) of the generation born around the turn of the millennium are worried about whether they will ever be able to afford to retire at all. Only a quarter of respondents said they weren't worried about their retirement, a worrying prognosis.

Crypto: a question of age?

The report also provides information on how different generations deal with cryptocurrencies compared to classic investments.


Almost 40 percent of millennials are said to already have Bitcoin and Co. in their portfolio. Almost a third of respondents aged 41 to 56 (Generation X) also hold cryptocurrencies – more than twice as many as baby boomers (14 percent).

According to the study, cryptocurrencies are more popular among millennials than mutual funds and about as popular as investing in individual stocks.


The problem: Although 89 percent of those born around the turn of the millennium state that they plan to invest in alternative investments such as crypto and Co., more than half of the millennials surveyed (56 percent) have no idea how to do it.


Do you count yourself in that 56 percent? This way to our BTC Academy , where you will find a lot of information and instructions about Bitcoin and Co.

Alto conducted an online quantitative survey with research firm 8 Acre Perspective. 2,000 US consumers were surveyed, including 1,200 Millennials (25-40 years), 400 Generation X (41-56 years), and 400 Baby Boomers (57-64 years). All participants were not yet retired, had a household income of at least US$35,000 per year and investable assets of at least US$2,500.

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