While cryptocurrency might not appeal to the masses, Millennials seem to favor Bitcoin, Ethereum and other digital currencies. A new report released by Finder.com found that Millennials (between the ages of 22 and 37) had a 17% cryptocurrency ownership rate out of the 2,001 American adults surveyed. Gen X had a 9% rate and Baby Boomers were a bit over 2%.
Yet considering the risks involved with owning cryptocurrencies, it’s no surprise that Millennials are one of the largest age groups to invest in crypto. The idea of being in control of one’s money without having to go through a bank to gain access to funds seems to appeal to the younger generation in particular, regardless of risk factors.