Cryptocurrency marginalizing mutual funds..Release of reports !!

Millionaires in the United States are more interested in betting and investing in cryptocurrencies than in traditional investment instruments such as the stock market and mutual fund investments.

A recent study by investment firm Aldo found that people between the ages of 25 and 40 consider investing in cryptocurrency as a smart savings tool.

Currently in their early years, ‘millennials’ were born between 1981 and 1996. The study found that members of that generation are pushing young investors away from mutual funds to invest in more competitive crypto assets and stock market investments.

And 40% of Millennials say they are more interested in investing in cryptocurrencies to build long-term savings. They have lied that only young generation can invest in crypto currency.

In particular, the study found that 70% of millionaires are investing in cryptocurrency for their retirement.

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