Millennials To Buy More Crypto In 2022 – CNBC Survey – Cryptovibes.com – Daily Cryptocurrency and FX News
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In the past several years, more people are using digital assets for investments instead of payments. That scenario is down to the huge profits that come with the holding of several digital assets. Simultaneously, millennials have continued to push the adoption of the assets, thereby holding a bigger amount of digital assets.
Nonetheless, according to the CNBC survey, the millennial millionaires that hold most of the crypto in circulation aim to acquire more assets by 2022.
The CNBC Survey Targeted Multiple Aspects Of The Market
This CNBC survey considers the market sentiment spread throughout different sectors of the economy in its report. The report indicates that millennials are now wary of inflation, and it is a notable factor that is restricting the growth of the economy.
Furthermore, another risk about this scenario is the dysfunction on the part of the United States government. Both dysfunction and inflation were linked in a pool conducted, with each of them taking up 23% of the vote.
The CNBC survey report indicates that over 80% of millennial millionaires have some resources invested in one form of virtual assets or the other. Nevertheless, another part of the same report indicates that nearly half of that figure has now focused on acquiring more digital assets by 2022.
Notably, 6% of the participants have said that they would not acquire but would want to sell some of their crypto holdings. The report also said that over 50% of the surveyed group have almost half of their wealth put in different digital assets. In the meantime, one in every three participants in the CNBC survey stated that almost 75% of their wealth had been set into buying digital assets.
Millennials Worried About Effects Of Inflation
In the matters of inflation, the CNBC survey stated that a majority of the surveyed millennials think that inflation is here to stay for the long term. In the meantime, 45% of the participants think that people must worry about its effect. Nonetheless, nearly 59% of the surveyed group said that they think that the Federal Reserve has what it takes to combat and conquer inflation.
This CNBC report also stated that the millionaires see the impending inflation quite differently compared to the average trader. Based on an official statement by the report’s editor, while the millionaires are worried about how inflations affect their investments, average traders are doubtful about the surge in the prices of services and goods.
The report also alleges that millionaires who are interested in joining the cryptocurrency market have increased a little bit. In a past CNBC survey, the number of millennials who are willing to enter the cryptocurrency market was nearly 50% and has now increased to 53%. The report also alleges that the older millionaires seem to be hesitant while investing in digital assets, making it appear like a millennial thing.
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