MetaverseNFTCoins.com
  • NFT News
  • Crypto News
  • Blockchain
  • Regulations
  • Scams
No Result
View All Result
MetaverseNFTCoins.com
No Result
View All Result

CNBC Survey: Most Millennial Millionaires Own Cryptocurrencies at 83%

December 17, 2021
in Blockchain
Reading Time: 3 mins read
A A
CNBC Survey: Most Millennial Millionaires Own Cryptocurrencies at 83%
ShareShareShareShareShare

Based on the technological innovations revamping the world like cryptocurrencies, millennials have been at the forefront to embrace them, as cited by CNBC Millennial Millionaire Survey findings.

The study noted that millennials had higher levels of cryptocurrency portfolio holdings than baby boomers, with 83% of millennial millionaires owning digital assets. Furthermore, 48% of them expect to increase their crypto investments in 2022, with only 6% anticipated to decrease their holdings. 

The insights gained also entailed 53% of the millennial millionaires staking 50% of their wealth in cryptocurrencies. 

The survey gauged various economic parameters in the market. For instance, inflation was the primary driver of millennials’ investment in cryptocurrencies because they deemed them as inflationary hedges. 

Millennials represent a group of people born between 1981 and 1996. They are usually tech-savvy, confident, ambitious, and achievement-oriented. 

The correlation between cryptocurrencies and millennials has been robust to the extent that the former senator for South Australia, Cory Bernardi, disclosed that he had joined the Bitcoin network because it was the millennial’s version of gold. 

Therefore, industry experts have correlated Bitcoin with millennials because they are prone to adopting crypto-assets and tech stocks, while older investors tend to favour gold.

In 2020, billionaire investor Tim Draper advised millennials to invest in Bitcoin as this would be their pathway to wealthy and successful retirement life. He was of the idea that Bitcoin would be a game-changer for young people because cryptocurrencies would be part of the world financial system’s future.

Kraken Exchange, a leading US-based crypto exchange, had also revealed that Bitcoin’s price could shoot through the roof and hit $350,000 by 2044 if millennials were to invest more than 5% of their inherited wealth into this digital asset.

Image source: Shutterstock

Credit: Source link

ShareSendTweetPinShare
Previous Post

Remember The Horn-Sporting Furry-Hatted Capitol Hill Rioter? Now, He Is Hopping On The NFT Bandwagon – Ethereum – United States Dollar ($ETH)

Next Post

Bitwise Introduces NFT Index Fund

Next Post
All I Want for Christmas — Is a Digital Asset

Bitwise Introduces NFT Index Fund

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Weekly Updates

Twitter staff can tweet from any account in ‘GodMode’ because loopholes weren’t closed after Bitcoin scam hack, former engineer reportedly says

Twitter staff can tweet from any account in ‘GodMode’ because loopholes weren’t closed after Bitcoin scam hack, former engineer reportedly says

January 25, 2023
Bitcoin (BTC) blasts past $22,000 with a 9% price explosion

Bullish for Bitcoin and the whole industry: GDP rises 2.9% in fourth quarter

January 27, 2023
Crypto Long & Short: Bitcoin’s Hedge Potential

Crypto Long & Short: Bitcoin’s Hedge Potential

January 25, 2023
Can Insurance Companies Help DeFi’s Adoption & Popularity?

Can Insurance Companies Help DeFi’s Adoption & Popularity?

January 25, 2023
Despite market headwinds, bitcoin mining is booming

Despite market headwinds, bitcoin mining is booming

January 24, 2023
MetaverseNFTCoins.com

This is an online news portal that aims to provide the latest NFT news, crypto news, blockchain, regulations, scams, and much more stuff like that around the world. We promise to share only high quality content from the world's best crypto sources. Feel free to get in touch.

What’s New Here!

  • U.S. President Joe Biden’s administration released a statement on Jan 27
  • Will Jim Cramer’s Bitcoin Price Prediction Be Wrong Again?
  • Enjin Coin (ENJ) And Huobi Token (HT) Holders Begin Migration To Orbeon Protocol (ORBN)

Subscribe Now

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2021 - metaversenftcoins.com - All rights reserved!

No Result
View All Result
  • NFT News
  • Crypto News
  • Blockchain
  • Regulations
  • Scams

© 2021 - metaversenftcoins.com - All rights reserved!

  • bitcoinBitcoin (BTC) $ 23,444.00 1.96%
  • ethereumEthereum (ETH) $ 1,610.88 1.49%
  • tetherTether (USDT) $ 1.00 0.02%
  • usd-coinUSD Coin (USDC) $ 1.00 0.09%
  • bnbBNB (BNB) $ 315.75 2.71%
  • xrpXRP (XRP) $ 0.413630 0.24%
  • binance-usdBinance USD (BUSD) $ 1.00 0.11%
  • cardanoCardano (ADA) $ 0.390740 0.86%
  • dogecoinDogecoin (DOGE) $ 0.089994 0.31%
  • matic-networkPolygon (MATIC) $ 1.18 4.92%
  • okbOKB (OKB) $ 39.53 2.47%
  • solanaSolana (SOL) $ 24.34 0.15%
  • staked-etherLido Staked Ether (STETH) $ 1,608.00 1.4%
  • polkadotPolkadot (DOT) $ 6.60 1.39%
  • shiba-inuShiba Inu (SHIB) $ 0.000012 0.76%
  • litecoinLitecoin (LTC) $ 95.40 7.75%
  • avalanche-2Avalanche (AVAX) $ 20.67 1%
  • tronTRON (TRX) $ 0.063661 1.19%
  • uniswapUniswap (UNI) $ 6.91 2.02%
  • daiDai (DAI) $ 0.999826 0.01%
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 23,353.00 1.69%
  • cosmosCosmos Hub (ATOM) $ 13.54 1.19%
  • the-open-networkToncoin (TON) $ 2.48 2.53%
  • chainlinkChainlink (LINK) $ 7.39 1.21%
  • leo-tokenLEO Token (LEO) $ 3.66 1.76%
  • moneroMonero (XMR) $ 183.84 1.5%
  • ethereum-classicEthereum Classic (ETC) $ 22.35 2.03%
  • aptosAptos (APT) $ 18.20 3.69%
  • bitcoin-cashBitcoin Cash (BCH) $ 136.22 1.91%
  • stellarStellar (XLM) $ 0.093850 0.86%
  • apecoinApeCoin (APE) $ 6.14 2.22%
  • quant-networkQuant (QNT) $ 150.82 0.2%
  • nearNEAR Protocol (NEAR) $ 2.54 0.28%
  • crypto-com-chainCronos (CRO) $ 0.082089 0.72%
  • filecoinFilecoin (FIL) $ 5.38 0.47%
  • lido-daoLido DAO (LDO) $ 2.28 0.63%
  • algorandAlgorand (ALGO) $ 0.261869 2.23%
  • vechainVeChain (VET) $ 0.024732 1.72%
  • internet-computerInternet Computer (ICP) $ 6.14 3.87%
  • hedera-hashgraphHedera (HBAR) $ 0.068841 1.04%
  • axie-infinityAxie Infinity (AXS) $ 11.69 0.14%
  • decentralandDecentraland (MANA) $ 0.739392 5.38%
  • aaveAave (AAVE) $ 87.52 0.86%
  • fantomFantom (FTM) $ 0.479631 3.17%
  • eosEOS (EOS) $ 1.10 0.61%
  • the-sandboxThe Sandbox (SAND) $ 0.755888 1.47%
  • flowFlow (FLOW) $ 1.09 0.11%
  • elrond-erd-2MultiversX (EGLD) $ 45.06 1.15%
  • theta-tokenTheta Network (THETA) $ 1.11 1.7%
  • tezosTezos (XTZ) $ 1.17 5.27%