BOFA survey: Young wealthy investors are still skeptical about shares, crypto is considered a better alternative

• 28 % of young wealthy investors focus on crypto investments
• A careful way of thinking dominates the portfolio selection of young investors
• 76 % of young investors are still skeptical about traditional systems

According to a report by the Bank of America (BOA), young investors keep more crypto investments than traditional stocks.

In his 2024-study on wealthy Americans Assets of at least $ 3 million and a minimum age of 21 years.

The survey showed that crypto and digital assets play an important role in the redesign of the way in which America invests an important role in younger investors. The Bofa shows that these investors focus on real estate (31 %), crypto and digital assets (28 %) and private equity (26 %).

Interestingly, 76 % of young investors remain skeptical of 76 % of young investors. They believe that it is no longer possible to achieve above -average investment sectors by only investing in traditional stocks and bonds.

On the other hand, the over 44-year-olds prefer domestic shares (41 %), real estate (32 %) and marketing shares from emerging countries (25 %).

Katy Knox, President of the Bank of America Private Bank, said that investors live a “period of great social, economic and technological changes as well as the largest generation transfer of assets in history.

cautious way of thinking

According to the survey, "the portfolio decisions of younger people actually indicate a change of perspective between the generations", and it is added that cryptocurrencies are often compared with risk -loving investments such as gold, "but it could be that some cautious way of thinking prevails." these portfolio decisions. “

And it may be the past that is responsible for the careful thinking of younger investors. You have experienced two market crashes that you may have skeptically skeptical about investments on the stock exchange.

For this reason, they look beyond traditional stocks and bonds to build their assets and at the same time diversify their systems.