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<h2 id="header-0">According to a Bankrate poll, cryptocurrencies are becoming less and less popular as investment vehicles in the United States.</h2>The survey found that confidence in cryptocurrencies has declined across a number of generations, with millennials losing 20% of that confidence – more than any other generation surveyed.Investors Are Losing Faith in Crypto, Says BankrateWhile cryptocurrency is still viewed as a novel investment option in the present market, some of its supporters have begun to waver. According to a Bankrate survey, fewer Americans across all generational categories are now comfortable investing in cryptocurrencies.One of the groups that has lost the most faith in cryptocurrency is the millennial generation, which has typically been open and connected to new technology like cryptocurrency. From 49% in 2021 to 29% this year, the proportion of millennials who were &#34;very comfortable&#34; or &#34;comfortable&#34; investing in cryptocurrencies.Others, including Gen Xers and baby boomers, similarly lost faith in cryptocurrencies, with the same measures falling from 37% to 21% and from 21% to 11%, respectively. Compared to 35% in 2021, only 21% of investors expressed some level of faith in cryptocurrencies this year.This, according to the article, is the outcome of the recent collapse of the cryptocurrency market, which was brought on by the Federal Reserve of the United States&#39; interference by hiking interest rates to fight inflation.Why Millennials Are More Likely Than Older Generations to Believe in CryptoThe survey also seeks to explain why young people are more likely to be interested in bitcoin investments. It has been suggested that these younger generations, especially Gen Zers and Millennials, are more likely to seek out financial advice from less-than-ideal sources like social media, friends, and family members than from professionals like investors.Despite this decline in confidence in cryptocurrency, many who still hold onto it think it has the potential to make them billions in the future. According to a Harris Poll survey, younger generations, such as millennials and Gen Zers, are the most certain that they can use cryptocurrency to become millionaires.

Cryptocurrency Is Becoming Less Popular in the US as an Investment Vehicle

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