# Millennials See Crypto as the Future of Finance

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Last modified: 2022-07-06

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By Paul Ebeling · 2022-07-06
Tags: Shayne Heffernan on Investments, Luxury, finance, stocks, risk, Lifestyle, Headline News, Millennials, Paul Ebeling, Crypto, Education, crypto, Knightsbridge Insights, Living, Knightsbridge, Blockchain, Featured, DeFI, KNIGHTS, Business
Signed: no (published before platform launch).
Nothing in this article is investment advice.

#crypto #stocks #risk #millennials #finance

"*A firm allowing clients to fund retirement accounts with crypto revealed how millennials see the stock and crypto markets*"-- Paul Ebeling

A new study by Alto [surveyed](https://www.altoira.com/wp-content/uploads/2022/06/Alto2022AlternativeInvestingReport.pdf) 1,200 millennials aged 25-40 with at least $2,500 in investable assets and $35,000 in household income.

The research finds millennials are enthusiastic about virtual assets as 39% of them hold crypto. And 70% of millennials who own crypto and have an individual retirement account (IRA) also hold digital assets in their IRAs.

*“When it comes to interest in digital assets, the vast majority of millennials either own crypto or are considering it. Almost 40% of millennials own crypto, which is greater than the percentage of millennials who own mutual funds and about equal to the number of millennials who own individual stocks.*

*Those who own cryptocurrency are likely to include it in their retirement portfolio. Over 70% of millennials who own crypto and an IRA, hold crypto in an IRA.”*

The survey also reveals that millennials have low confidence in the stock market as 74% of those surveyed view equity investments as a gamble.

The data also shows that 76% of millennials worry a market collapse could wipe out their savings while 65% of them say they can’t count on the stock market to provide the annual returns it did in the past. Furthermore, 60% of them believe that it’s difficult to generate consistent gains in the stock market unless one is a professional investor.

*“For millennials, the prevailing attitudes toward retirement are those of stress, fear and confusion. There is a clear concern about the riskiness of stock market investing. The main concerns for millennials revolve around the ‘gamble’ of investing, a lack of faith in the current market and the belief you need to be a professional investor to be successful…*

*Predictably, less than 50% of millennials are very open to investing in the stock market. Of those who have invested in the stock market, 71% feel that their investment portfolio could be better diversified.”*

 A tip of the hat to sovereign individuals with satoshis and Bitcoin in cold storage with our firm. [Click here](https://knights.app/login)

[*Chec*](http://crypto.livetradingnews.com/en)[k Price Action](http://crypto.livetradingnews.com/en)

Have a prosperous day, Keep the Faith!

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