Millennials are backing away from crypto


The most inclined to invest in cryptocurrencies were young individuals.

In 2022, the popularity of cryptocurrencies like as Bitcoin has dropped.

According to a new Bankrate study, millennial investors are their most ardent fans.

Americans of all ages have become less comfortable with cryptocurrencies in the previous year.

Overall, the proportion of Americans who stated they were "extremely comfortable" or "somewhat comfortable" with cryptocurrencies fell by more than 39% from 2021 to 2022.

The figures are considerably starker among millennials, where comfort levels have decreased by about 42%.