According to a Policygenius financial planning survey, it was found that the younger Generation Z is more likely to own cryptocurrency than stocks, and they are also more likely to seek help on social media for financial issues. On the other hand, Generation X and the Baby Boomer generation primarily hold real estate and stock assets. Bloomberg analysts stated that Generation X is the main driving force behind ETFs, especially with the ETF boom in Taiwan, which they greatly admire.
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Young Americans own more cryptocurrency than stocks
Generation X is the main driving force behind ETFs
Policygenius commissioned YouGov to conduct a survey of 4,063 Americans aged 18 and older. It was found that Generation Z (18-26 years old) has a higher percentage of cryptocurrency ownership (20%) compared to stocks (18%). Meanwhile, the Millennial generation (27-42 years old) has a similar percentage of cryptocurrency ownership (22%) as stocks (27%) and real estate (24%). Moreover, in the event of financial issues, Generation Z and Millennials are much more likely to seek help on social media (8%) compared to Generation X and the Baby Boomer generation (2%).
According to statistics, Generation X and the Baby Boomer generation primarily hold real estate and stock assets. Bloomberg ETF analyst Eric Balchunas also pointed out that Generation X is the main driving force behind ETFs. Particularly in Taiwan, he has witnessed the remarkable performance of high-dividend ETFs and estimates that by the end of the year, over 1/3 of the population will own ETFs.
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Balchunas has previously expressed admiration for Taiwan’s ETF market. The fundraising scale of Taiwan’s 00940 ETF reached as high as 175.2 billion New Taiwan Dollars (approximately 5.6 billion US dollars). Bloomberg estimates that after 30 trading days, it will reach a scale of 8 billion US dollars. This also means that 00940 is expected to break the record of BNY Mellon’s bitcoin spot ETF IBIT, which reached 7.2 billion US dollars after one month of trading.
Eric Balchunas is amazed by the Taiwan’s love for dividend-paying ETFs, which only account for 4% of the US market.
(Bloomberg Bitcoin ETF analyst amazed by Taiwan’s 00939, 00940 boom: Can’t believe it’s true)
00940
ETF
Generation X
Generation Z
Further reading:
Bloomberg Bitcoin ETF analyst: 00940 will break the record for bitcoin spot ETF scale
Taiwan ETF Star 00940 falls below issue price on the first day, how does it compare to BOBAOPPA?