A recently released Policygenius survey showed that younger Americans are almost as likely to own cryptocurrency as they are real estate.
According to the survey, which was commissioned in October last year, 21% of millennials and Generation Z surveyed were almost as likely to own cryptocurrency as the 20% who own real estate.
Real estate It's been a tough market for younger generations to break into in recent years, following a pandemic boom, as interest rates soared and median home prices made the American dream of buying a home less realistic.
Of those surveyed, 10% of Gen Xers said they owned cryptocurrency. Perhaps not surprisingly, only 5% of boomers owned cryptocurrencies.
Read more: One-fifth of US voters have bought cryptocurrency, Paradigm survey finds
Looking further, Generation Z is more likely to own cryptocurrencies rather than stocks, with only 18% of the younger generation owning the latter.
One in five Americans under 42, Policygenius sayingown cryptography.
Very few of the respondents had NFTs. 9% of Generation Z owned NFTs, and millennials followed with 8%. Only 4% of Gen Xers owned NFTs, higher than 1% of boomers. YouGov, commissioned by Policygenius, surveyed 4,000 Americans ages 18 and older at the time.
Beyond the specifics of cryptocurrencies, the survey also found that Generation Z and millennials are โsomewhat proudโ of how they manage their finances.
Although the survey was conducted before the Securities and Exchange Commission Spot bitcoin ETFs approvedand bitcoin hit new all-time highs, helps give insight into how younger Americans are approaching cryptocurrencies, whether the bull market is in full swing or not.
Read more: Bitcoin price surpasses $69,000 and reaches a new all-time high
Bitcoin (btc), however, it posted a 28% gain in October last year, floating around $30,000. It is currently trading around $70,000 and the largest crypto market has a market capitalization of $2.6 trillion.
In February of last year, Coinbase found that approximately 20% of Americans own cryptocurrencies, although the survey only included 2,000 Americans.
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