Cody McGrath 
According to the report “How Millennials See Their Financial Future”, 40% of millennial respondents had made cryptocurrency investments.
Adults living in the United States were polled for a report by the investment firm Alto to learn more about their investing preferences. The findings indicated that millennials between the ages of 25 and 40 are more likely to invest in cryptocurrencies than they are in mutual funds.
According to the report, 40% of millennial respondents have made cryptocurrency investments. This is “higher than the percentage of millennials who possess mutual funds,” the research claims. Additionally, the number is practically identical to millennial stock owners.
The study, titled “How Millennials See Their Financial Future,” also found that the majority of millennials either already own cryptocurrency or are thinking of doing so. Eric Satz, the founder, and CEO of Alto noted that the present economic climate makes it challenging for millennials to think about investing. He detailed this:
“In a world of conspicuous consumption, soaring living costs, and mounting student loan debt, millennials find it difficult to invest for the future because they are struggling to afford the present.”
Participants in the study who presently own cryptocurrency also stated that they plan to include it in their retirement portfolio. The study showed that millennials who own cryptocurrency and have individual retirement accounts (IRAs) keep their digital assets in IRAs in the proportion of 70%.
A survey conducted earlier in June revealed that high net worth individuals are embracing cryptocurrency as well. 71 percent of wealthy participants in the “World Wealth Report” had investments in digital assets, according to the findings. Cryptocurrencies, nonfungible tokens (NFTs), and exchange-traded funds are among the assets invested in (ETFs).
A survey released the same month by the research firm Blockware Intelligence suggested that the adoption of Bitcoin (BTC) may be faster than that of other technical innovations like cellphones, the internet, and social media.