A recent eToro survey conducted in the US has highlighted that 43% of millennials trust cryptocurrency over stock markets, while 77% of Gen X respondents trust stocks over crypto.
eToro is a leading global investment platform. It commissioned Provoke Insights, an independent market research and strategy firm, to conduct the survey, which quizzed 1,000 online investors. The sample matched the US census for geography with an age range of 20 to 65.
Out of the 1,000 people surveyed, 43% of millennial online traders stated they have less belief in the stock market than crypto-assets.
Conversely, 77% of Gen X respondents stipulated that they trust the stock markets over crypto.
Interestingly, this belief in crypto has not turned millennials away from the stock markets. 93% would invest more money into crypto if it was offered through a traditional financial institution.
73% of millennials who do not trade crypto would also be interested in crypto if it were offered by a traditional financial institution.
Another aspect the survey highlighted is that people are intrigued by the prospect of earning interest on crypto.
76% of online investors indicated they would like to gain interest on crypto assets, while 47% would take out a loan in crypto.
Unsurprisingly, 96% of crypto traders noted they would like to gain interest on crypto assets, with 75% open to taking a loan out in crypto.
A previous eToro survey showed investors are cautious of crypto because of a lack of education, which could be why Gen Xers are distrustful of the space.
Discover how 44% of investors are reluctant to invest because they don’t know enough about crypto here on Coin Rivet.