New data from a survey by eToro shows that 40% of millennials will prefer crypto in case of a recession.
Actually, this group of people has long been known as Generation Y, or Gen Y, who was born in the 1980s to the middle of the 90s or until the early 2000s. Millennials should be around the age of 18-34, a group of people who grew up during the Millennium.
The online survey of 1,000 people in a superpower country like the United States. Respondents aged 20-65 demonstrated a pattern of investing choice between Generation Z, Millennials, and Generation X.
The survey found that 67% of American investors fear a recession and may have the opportunity to convert a percentage of their stock portfolios into a safer investment or turn to real estate crypto or products to prevent risk instead.
Will Millennials Turn to Crypto?
Millennials born between 1980 and 1984 say they will turn to crypto in the event of a recession, while half of Gen Z, born in 1995 or later, prefer to invest. In real estate.
For Generation X, those born between 1965 and 1979, 38% said they would turn to commodities.
Guy Hirsch, managing director of US eToro, explains the escalating geopolitical tensions. Make investors seek security outside the stock market.
“As global markets experience soaring volatility and as geopolitical tensions intensify, investors seek stability outside the stock market. Investors of all demographic groups want to empower themselves by diversifying their portfolios with new asset classes and exploring innovative investment ownership styles, ”said Hirsch.
A recession is likely to drive investors to bet on proportional ownership of new asset classes. This is because traditional investments may be affected by future economic conditions.
92% of those concerned about the possibility of a recession say Get involved with famous startups or artworks. And building site
55% of respondents said they Will sell a partner portfolio to invest the money in a proportional ownership system in real estate
Hirsch added that investors preferred financial freedom. Which the current financial system cannot do And this will go a long way in engaging young investors.
“We believe that in the event of a recession, we will see shrinkage of equity portfolios and growth in other asset classes such as crypto, as well as new proportional ownership,” Hirsch said.
Innovation is playing a huge role in expanding investment opportunities from large investors to individual investors.