CNBC recently published the results of the latest poll, which showed that generations of millennials, or as it is also called generation Y, generation X, and generation of baby boomers, have completely different views on cryptocurrency.
For the study, investors who own $ 1 million or more were interviewed. George Wolper, President of Spectrem Group, who surveyed CNBC, noted that the millennial generation (the generation born between 1981 and 2000) is risk-taking and is actively investing in cryptocurrency and various startups. Most of them made their fortune on cryptocurrency, they plan to continue moving in this direction. 83% of millennials surveyed have bitcoin, ETH, and other cryptocurrencies in their wallets, and are in no hurry to get rid of it. 48% have plans to increase their income with cryptocurrency. 39% plan to simply keep what they have already accumulated and only 6% want to withdraw their assets in 2022.
By comparison, George Wolper pointed out that Gen X (the generation born from 1963 to 1980) is very wary of crypto assets. 75% of investors in this age group are unwilling to deal with digital assets. Among baby boomers (born between 1943 and 1962), only 4% are cryptocurrency owners.
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The investment market has been witnessing a clear generational change lately. That needs to be paid special attention to by a variety of companies and firms, which are often owned by representatives of generations X and baby boomers. It is believed that interest in digital assets will grow in the future. “Wealth management companies need to reconsider their views on cryptocurrency because now is a completely different era with different consumers,” said George Wolper.