Cryptoverse: Will you grow old with bitcoin?

in crypto •  2 years ago 

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If you assumed crypto was just a young person's game, think again.More people in the United States than ever before are turning to cryptocurrencies to help fund their retirement, it seems, even as the recent market carnage provides a stark reminder that this wild market is not for the faint-hearted.

Some 27% of Americans aged 18-60 - around 50 million people - have owned or traded crypto in the past six months, a poll published last week by crypto exchange KuCoin found.

Yet older folk are more devoted to the young asset class than the general population, according to the survey carried out at the end of March, with 28% of those aged 50 and above betting on crypto as part of their early retirement plans.

Their most popular for investing in crypto were that they saw it as the future of finance, they didn't want to miss a hot trend, and they saw it as a way to diversify their portfolios.

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