Millennials 3 Times More Likely to Invest in Crypto Than Gen X: Survey

Cryptocurrencies are three times more popular among American millennials as a long-term investment as they are for Generation X.Crypto is Americans' 7th most popular long-term investment.

According to the results of a nationwide Bankrate survey, published on July 17, 9% of millennials chose crypto as their top long-term investment option - roughly threefold the percentage among earlier generations.

More broadly, the survey revealed that cryptocurrencies are the seventh most popular investment option among Americans - with 4% of respondents choosing them as their top choice for a minimum 10-year investment.

The most popular asset class was real estate, at 31% - notwithstanding the 2008 real estate crash and expected slowdown this year.

Americans' top asset choices for investing money they wouldn't need for more than 10 years.

As reported yesterday, 49% of Americans and Brits have revealed they would not trust Facebook in regards to its much-anticipated stablecoin Libra, citing privacy concerns.

A spring 2019 survey indicated that 11% of the American population owns Bitcoin, indicating that Bitcoin ownership is a "Demographic mega-trend" led by the younger generation in the 18-34 year age range.

89% of U.S. citizens had heard of the cryptocurrency, regardless of their generation.

That same month, a separate survey found that approximately 3% of American retirees own bitcoin.

A survey from earlier this month suggested that 26% of Generation Z - generally defined as those born after 1997 - would be somewhat, very or extremely likely to buy cryptocurrency in the next 6 months.