Crypto assets are becoming popular across the US despite the recent dip in the market. Alto’s latest survey results indicate that almost 39% of surveyed millennials hold cryptocurrency assets. This number is more than the millennials who invested in mutual funds.
The global cryptocurrency market cap touched a record high of approximately $3 trillion in November 2021. Despite a massive plunge in prices, the adoption of digital currencies has kept growing during the last few months.
Crypto has established itself as one of the most popular alternative investment options in the past decade. Alto’s report noted that a rising number of millennials are exploring different alternative investment options to diversify their portfolios.
“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...
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