Summary
TLDR: A recent Policygenius survey found that 21% of millennials and Gen Z’ers own crypto, almost as many as those who own real estate. Younger Americans are turning to crypto as real estate prices soar, with 10% of Gen X’ers and 5% of boomers also owning crypto. Gen Z prefers crypto over stocks, and 1 in 5 Americans under 42 own crypto. Few surveyed own NFTs. Survey also found younger generations feel proud of their financial management. The survey was conducted before SEC approved spot bitcoin ETFs and bitcoin hit all-time highs. Bitcoin has seen a 28% gain since the survey in October, now trading at around $70,000 with a $2.6 trillion market cap. In February 2021, Coinbase found that 20% of Americans own crypto.
Key Points
1. Younger Americans are almost as likely to own crypto as real estate, with 21% of millennials and Gen Z’ers surveyed owning crypto compared to 20% who own real estate.
2. Gen Z is more likely to own crypto over stocks, with only 18% of the younger generation owning stocks.
3. A Policygenius survey found that 1 in 5 Americans under the age of 42 own crypto, with very few owning NFTs.