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. 


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According to cointelegraph.com

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