US Millennials Drive Crypto Investment Surge, Reflecting Asset's Promising Future

IconCryptoNewsTerminal Staff01 Aug, 2024

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US Millennials Drive Crypto Investment Surge, Reflecting Asset's Promising Future

## Millennials Invest Heavily in Crypto, Signifying Digital Asset's Growth Potential Truvius CEO Connor Farley recently emphasized the substantial investment of US millennials in cryptocurrencies, highlighting the asset class's long-term growth prospects. According to a Financial Industry Regulatory Authority (FINRA) study, 57% of millennial investors surveyed hold crypto assets, a higher allocation than mutual funds or individual stocks. Farley acknowledges the upcoming generational wealth transfer from baby boomers to millennials, noting that the significant crypto adoption among millennial investors indicates accelerated blockchain and cryptocurrency acceptance. However, he advises millennials to delve deeper into the crypto realm beyond Bitcoin and Ethereum for a comprehensive understanding.

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