In a new study published this week, the Bank of America (BoA) reveals that 75% of young people surveyed believe that it is no longer interesting to invest in traditional finance and favor alternative assets such as cryptocurrencies in their portfolios. .
https://cryptoast.fr/bank-of-america-cryptomoneys-futur-investment/
Cryptos, the favorite investment of millennials
This week, Bank of America (BoA) published a study on the investment plans of different generations of Americans. Conducted on a panel of 1,052 wealthy individuals with a minimum budget of $3 million, it revealed a real paradigm shift in the vision of investment between the different generations.
In a short video accompanying this study, Jeff Busconihead of private banking services at Bank of America, explains that new generations believe that a portfolio of stocks no longer ensures an attractive return.
But then, what do they turn to? The report reveals that millennials (21-42 years) allocate 16% of their portfolio in alternative assets, including cryptocurrenciesagainst only 5% for baby boomers (43 years and older) and 2% for the rest of the general American population.
“While investors over 43 argue that US equities offer the best opportunity for future growth, younger investors believe the biggest opportunities lie in digital assets. Almost half (47%) hold cryptocurrencies. »
Moreover, by 2045, it is estimated that $84 trillion should gradually pass baby boomers towards millennials and generation X. Thus, the Bank of America predicts that the change in generational interest will have a considerable and lasting impact on the future of financial markets.
Currently, the equity market dominates the debates by far. While its overall capitalization is around the 100 trillion dollarsthat of the cryptocurrency market stagnates around $1 trillion only. According to the Bank of America, it’s a safe bet that the evolution of generational mentalities will lead to a balancing which would therefore benefit cryptocurrencies.
👉 Find our tutorial to buy Bitcoin in 2022 and take part in this revolution
Source: Bank of America
The No. 1 exchange in the world – Regulated in France
10% off your fees with code SVULQ98B 🔥
Investing in cryptocurrencies is risky (learn more)
Newsletter 🍞
Receive a summary of crypto news every Monday by email 👌
What you need to know about affiliate links. This page presents assets, products or services relating to investments. Some links in this article are affiliated. This means that if you buy a product or register on a site from this article, our partner pays us a commission. This allows us to continue to offer you original and useful content. There is no impact on you and you can even get a bonus by using our links.
Investments in cryptocurrencies are risky. Cryptoast is not responsible for the quality of the products or services presented on this page and could not be held responsible, directly or indirectly, for any damage or loss caused following the use of a good or service highlighted in this article. Investments related to crypto-assets are risky by nature, readers should do their own research before taking any action and only invest within the limits of their financial capabilities. This article does not constitute investment advice.
Freelance writer located between Paris and Toulouse. I want to share my passion for the world of cryptocurrencies to as many people as possible. I am also interested in technical analysis and trading.
Lilian Aliaga
255 items
