April 27, 2024

11% of young Americans invested incentive checks in cryptocurrency

11% of young Americans invested incentive checks in cryptocurrency

A new survey finds that one in 10 Americans between the ages of 18 and 34 put some of their stimulus payments intotime of the COVID-19 epidemic in cryptocurrencies.

About half of the respondents invested money received from direct payments. 15% invested in stocks, 9% in mutual funds, and 6% in ETFs.

The majority of young Americans (60%) consider cryptocurrencies to be a safe long-term investment. The survey showed that twice as many men as women invest in cryptocurrency. 

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Based on materialscointelegraph.com