Fewer Millennials Comfortable Investing in Crypto

CNBC: Only About 30% of Millennials Are Comfortable Investing in Crypto, Down From about 50% in 2021

Cryptocurrency’s popularity with American investors is on the decline. In 2022, only about 21% of Americans feel comfortable investing in cryptocurrency, according to Bankrate’s September survey. That’s down from 35% in 2021. Although comfort levels dropped with investors across generational lines, the decrease was steepest among millennials. Nearly 30% of American investors between the ages of 26 and 41 feel comfortable in 2022, compared to nearly 50% in 2021. The decline is unsurprising, considering nearly $2 trillion has been wiped off the entire crypto market since November 2021. [CNBC]