Survey Finds One in Four U.S. Teens Would Prefer to Invest in Crypto

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A recent survey revealed that crypto is gaining popularity among young people in the United States. This is in line with general crypto popularity trends. Recent surveys and polls have also shown similar results among respondents. Sentiment towards investing in crypto has turned positive over the past couple of years. Now, a new survey from Junior Achievement USA has found that one in four American teenagers will invest in crypto in the stock market.

How teens view investing

The Junior Achievement USA survey focused more on the perceptions of American teens towards the stock market. Focusing on how Gamestop’s speculation affected the perspective of teens, he asked teens if they thought the stock market was a good investment option. About half (51%) of 1,004 respondents said they think the stock market is a good thing for ordinary people, leaving the remaining 49% who don’t think it is a good investment option. Push them towards crypto as the best option.

Related reading | SEC Lacks Staff to Properly Regulate Crypto, Chairman Gary Gensler

Recall that the enthusiasm for GameStop and the rise of stocks itself had a big impact on the way people viewed investing. The rapid rise in the price over a short period of time convinced some that it was a quick way to make money. On the other hand, people lost so much money when the stock price crashed that it sounded the alarm to keep others out of the market. The latter appears to be true for American teens.

Commenting on the results, the President and CEO of Junior Achievement USA said: These results show that the recent phenomenon of memes stocks could negatively impact teenagers’ perceptions of what it means to invest in the stock market. Since the stock market plays a major role in helping countless Americans achieve secure retirement, it’s important that we help demystify it for the next generation.

American teens want to invest in crypto

When asked about their favorite investments when given the money to do so, the largest percentage (43%) of teens chose the stock market. Crypto has become the second favorite investment for teenagers. With 25% saying they would invest in crypto. Closely followed by 24% choosing real estate as their preferred investment option. Surprisingly, 37% of total respondents said they would not invest at all.

Related reading | AMC CEO Confirms Cinemas Will Accept Bitcoin By Year’s End, Adds Three New Cryptos

The numbers correspond to 1 in 4 wanting crypto investments. Lower than the percentage wanting to invest in the stock market. But given the age of the crypto market relative to the stock market, the numbers are impressive to say the least. This shows that young people are more inclined to get involved in digital assets.

The data also shows that teens were more likely to take to social media for information about investing. Track parent information, then websites, and last but not least get their school information.

Total Crypto Market Currently Sits At $ 2.17 Trillion | Source: Crypto Total Market Cap on TradingView.com Featured image from Financial Times, chart from TradingView.com

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