T. Rowe Price Survey: 40 % of kids think that crypto is the future of investing

T. Rowe Price Survey: 40 % of kids think that crypto is the future of investing

According to the latest survey by T. Rowe Price, children with crypto are better familiar than their parents, and 40 % of the children believe that Krypto is the future of investing.

For the parent, child and money survey 2022 of the online market research company Dynata, more than 2,000 parents and their 8- to 14-year-old children were interviewed.

fifty -seven percent of the children surveyed stated that they were familiar with cryptocurrency compared to 47 percent of the parents. Among the parents who are familiar with cryptocurrency, 32 %say that their children act more actively with crypto than themselves.

When asked what they would do if they got $ 100, 29 % of the children stated that they would invest them. Of these, 57 % stated that they would invest in cryptocurrency, while 38 % information is to invest in traditional shares.

Forty percent agree that "cryptocurrency is the future of investing", as the survey also showed, although the parents do not seem to be so convinced - 28 % of the parents surveyed stated that they invested in crypto. 53 % of those who invest in space or are familiar with it fear that crypto is "a bubble that will burst", and 52 % fear that it is a "short -term fad".

Roger Young, Thought Leadership Director at T. Rowe Price, which on February 28, managed a fortune of $ 1.54 trillion, described cryptocurrencies in a statement as "extremely volatile and speculative systems" and found that the investment in a diversified portfolio of stocks and bonds is "a solid Strategy ”.

"It is great to see how children are interested in investments, but parents have to talk to their children about the risks associated with investing in cryptocurrencies," said Young. "Families who invest money in cryptocurrency should make their research and be prepared for a variety of possible results."

Given the size of the markets for digital assets, their effects on the capital markets cannot be ignored, a spokesman told Blockworks and found that T. Rowe Price has analysts and investors who are pursuing the room closely. According to Blockworks, the market capitalization of Crypto is about $ 2.2 trillion.

"We examined the risk and earnings features and portfolio effects of crypto and perceived a wide range of possible results," added the representative. "The mandates that we manage for customers today are not well suited to invest directly in digital assets, and we are aware of the high level of speculation and the lack of regulatory clarity in this area."

In the meantime, other great asset managers are beginning to get involved in the segment.

Blackrock, which manages more than $ 7 trillion in assets, began to assign two of his investment funds Bitcoin-Futures-Contracts in January 2021. The fund group registered an ETF in January that was supposed to concentrate on blockchain technology, and its CEO, Larry Fink, recently said that the war in Ukraine could accelerate the introduction of digital currencies.

The publication of the survey follows the one by Investopedia Survey 2022 In investors of Generation Z, Millennials and Generation X are popular, but 49 % of Americans only have one understanding of beginners for digital currencies.

twenty -eight percent of the millennials surveyed by investopedia expect to use cryptocurrencies to secure themselves financially in retirement, while this number was 20 % or 17 % in the respondents of the gene X or gen.

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