Millennial Millionaires Are The Most Bullish On Crypto, Survey Finds

Millennial millionaires are the subset of millionaires most bullish on crypto, a new CNBC survey has found. Millennials hold more of their wealth in cryptocurrencies compared to any other millionaire class and have said they plan to add more to their crypto investments next year. This indicates a move from more traditional forms of investments towards digital assets as the major investment vehicle. Millennials Making Millions From Crypto The CNBC survey found that millennial millionaires were more likely to put more of their wealth in crypto. In fact, about 53% of all millennial millionaires currently hold about 50% of their wealth in cryptocurrencies. These investors were those who had at least $1 million or more of investible assets with the exception of primary residences. Of all millennial millionaires, 83% said that they actually held crypto. Related Reading | Investors Take Refuge In Bitcoin As Inflation Rises Findings from the survey also showed that a significant portion of these investors made their wealth from investing in cryptocurrencies and these investors were planning to put more money into crypto in 2022. 48% of the polled respondents said that they planned to increase their crypto holdings in the next year, while 39% said they planned to maintain their current holdings. Crypto total market cap at $2.16 trillion | Source: Crypto Total Market Cap on TradingView.com About a third of the total polled inv...