Survey says young Americans choose Bitcoin

by in Cryptocurrency News

Young Americans

In the United States, as in other countries of the world, the number of citizens buying digital currencies continues to grow. Moreover, the highest proportion of crypto investors are young people under the age of 35.

CNBC, together with Momentive, surveyed young Americans and found that 11% of them invested in bitcoin and other coins as part of their capital received in the form of aid from the state during the coronavirus pandemic.

The study involved 5530 people whose age does not exceed 34 years. Experts have recorded the growing interest of Americans in innovative tools.

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More than half of the respondents admitted that they invested part of the funds received from the authorities in various assets. 15% of them chose stocks. Only 9% and 6% of survey participants invested in mutual funds and exchange-traded ETFs.

60% of those who opted for a cryptocurrency stated that they are in the mood for long-term storage of such an asset. 21% are waiting for a convenient moment to profitably sell previously purchased coins.