Millennials prefer crypto over other assets as markets brace for $84tn wealth transfer – DL News
- Younger investors are expected to focus their investment on crypto.
- There’s $84 trillion passing from older generations to younger ones over the next decade.
Millennial investors are betting their money on crypto, according to a new survey by investment bank Charles Schwab.
The study examined the investment behaviour of 2,200 investors to better understand how they were approaching different kinds of exchange-traded products.
When asked where they would invest their money next year, 62% of millennials surveyed said they would invest in cryptocurrencies. American stocks and fixed-income assets were second and third, respectively.
The great $84 trillion wealth transfer from older generations to younger ones is expected to be a massive boon…
