11% of Young Americans Invested Stimulus Checks in Cryptocurrency

11% of Young Americans Invested Stimulus Checks in Cryptocurrency

A new survey has found that one in 10 Americans aged 18 to 34 invested some of their COVID-19 stimulus payments into cryptocurrencies.

About half of the respondents invested the money received from direct payments. 15% invested in stocks, 9% in mutual funds, and 6% in ETFs.


Most young Americans (60%) consider cryptocurrencies a safe long-term investment. The survey found that twice as many men as women invest in cryptocurrency. 


Subscribe to ForkNews on Telegram to stay up to date with news from the world of cryptocurrencies


According to cointelegraph.com

You May Also Like

2812018-07-31

Coinbase is recruiting institutional investors

One of the largest cryptocurrency platforms, Coinbase, has decided to strengthen its team in an attempt to legitimize digital assets in the eyes of vigilant regulators and institutional investors. The San Francisco startup said Tuesday it is hiring Jeff Horowitz as its first chief executive officer. Horowitz was a managing director and chief technology officer at Pershing, a subsidiary of BNY Mellon.

Stock, Investments
2402021-10-19

Interactive Brokers launched trading in four cryptocurrencies

Interactive Brokers financial advisors will now be able to recommend cryptocurrencies to their clients.

Investments

Latest articles from Investments category