Millennials are ready to massively transfer their money to crypto-assets if another crisis occurs in the world. At least that's what the eToro study claims.
Millennials will throw out stocks and go into crypto during a crisis
The eToro Investment Platform conducted a study among 1000 American investors from different generations. It turned out that two-thirds of them fear the next crisis in the near future. Moreover, in the case of a recession, each generation has its own plan. This is reported by Cointelegraph.
According to the study, 40% of the polled millennials “exit” the stock and invest their money in crypto-assets during the crisis. 50% of respondents from generation Z in this case would prefer to hedge risks through real estate. And 38% of representatives of generation X will invest in commodity assets.
Interesting in the section: Strengths and weaknesses of Вitstamp
- eToro used to find the relationship between bitcoin and panic among investors. According to the platform in one study, during the worsening of the trade war between the United States and China, investors massively bought gold and BTC to protect themselves from risks
- Millennials or Generation Y are people born between 1981 and 1996
- Generation X precedes millennials. This includes those born in 1965-1979 or 1961-1981
- Generation Z, as a rule, includes people with a date of birth after 1996
Editor: Yuliya Soroka