A report published by the cryptocurrency exchange Kraken shows that two-fifths of Australian millennials prefer to invest in cryptocurrency assets over real estate. The survey shows that a number of Australians are losing faith in traditional assets like gold, stocks, and real estate.
Kraken’s Australia Managing Director: ‘Young Aussies Look for Other Options to Grow Wealth’
A survey conducted by the San Francisco crypto exchange Kraken indicates that 40% of millennials believe investing in digital assets like bitcoin (BTC) will end up turning into long-term gains. In fact, Kraken’s survey shows that nearly 40% of millennial respondents think digital currencies are an alternative investment to real estate.
The study also showed that 22% of millennial Australians (born between the early ’80s and mid-’90s) think that investing in digital assets is a better way to save funds than storing wealth with bank accounts. Close to 50% of the baby boomer (born between the mid-’40s and mid-’60s) crowd surveyed said