Bankrate: Millennials became less interested in cryptocurrencies – Bits Media

It is commonly believed, What are young people, Including millennials and representatives of the so -called generation Z, are one of the most active in cryptocurrency space.

However, a recent survey of Bankrate among US citizens showed: millennials lost their passion for digital assets. Bankrate reporter James Royal (James Royal) Calculated, what in 2022 a year just 30% Millennialov were interested in the digital assets market. For comparison, in 2020 year 50% young people, Born after 2000 of the year, studied cryptocurrencies and invested money in them.

According to the journalist, Most of the interest in the industry in 2021 year was caused by record high quotes of bitcoin, ether and other assets. Many young people thought, that they can "quickly earn a lot of money" and that is why they entered the ecosystem.

Royal counts, that investments in cryptocurrency are based on the "theory of a greater fool", according to which you can make a profit, Only by selling your assets to that, who is ready to pay a higher price, than initial. Therefore, "legendary investors, such as Warren Buffet (Warren Buffett)», criticize investments in digital currencies. Royal advised the Americans to focus on the stock market, Especially on the index S&P 500, If they want to maintain their wealth during the financial crisis:

"Regular purchase of the index fund s&P 500, And then retention, no matter what, helped to put together the conditions of many American millionaires ".

According to the reporter, Although the trends in the US have changed over the past few months, Residents of other countries, where the economy is in the worst state, show more interest in cryptocurrencies.

According to Harris Poll research, Cryptocurrency investors are much more likely to hope to become billionaires - they answered 70% respondents with cryptocurrency investments. Mostly among respondents, affirming, that cryptocurrencies can bring them billions, - Millennial or Zumer.