Why new investors are bullish on cryptocurrency

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Why new investors are bullish on cryptocurrency

Newer investors are more likely to own cryptocurrencies. CNBC’s Kate Rooney reports on the rise of their digital asset ownership. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi

There’s something different about the flood of new investors who entered the market in the last 18 months.

They are younger, more diverse, use technology to make trades and turn to social media to learn about investing and research investment ideas, a new CNBC/Momentive Invest in You survey found.

More than a quarter of investors polled started investing within the last 18 months, and 73% began in 2019 or earlier. Momentive surveyed 5,523 U.S. adults between Aug. 4 and Aug. 9, 2021; of those, 45% are investors.

The distinctions between the two groups are particularly clear when it comes to what they are investing in, how they make their trades and where they do their research.

New investors are more than twice likely to own cryptocurrencies compared to their more seasoned counterparts (26% vs. 12%) and are three times more likely to use a self-service mobile app as their primary way to buy and sell investments (63% vs. 20%).

Social media also plays a big role for new investors. More than a third said they used social media to research investment ideas, compared to 15% of those who began investing in 2019 or earlier. On the flipside, only 9% researched investment ideas through direct discussions with a broker or financial advisor, compared to 29% of the more seasoned investors.

It’s not surprising that new investors are getting excited about the market. The S&P 500 jumped more than 14% in the first half of 2021. New investors piled into trades like cryptocurrencies and meme stocks, such as GameStop, which ran up earlier this year, and AMC, which hit all-time highs in June.

“We are in the instant gratification era and often we allow that to drive a lot of our investment decisions, when we really need to look at investing in from long-term perspective,” said Matt Aaron, founder and CEO of Washington, D.C.-based Lux Wealth Planning, an affiliate of Northwestern Mutual.

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50 COMMENTS

  1. I’m also taping to mrs Mercedes James trade, she’s an expert. I invested with $300 but I now earn more than that in just a week.

  2. If you don’t have some money in crypto you are leaving a lot of money on the table. Robinhood is hot garbage don’t trade with them.

  3. Successful people don’t become that way overnight. most people see at a glance-wealth, a great career, purpose-is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life..

  4. Sell all your ETH & ERC-20 tokens and buy ADA. The market about to flip investment from Gen2 to Cardano Gen3 cryptocurrency & Dapps. Coinbase positioned to invest $500 million into Cardano Ecosystem as it lauches with Smart Contracts.

  5. Crypto on the rise again and they want to get on the train again. They should’ve bought it when it was dipping! I’ve bought BTC along with some altcoins on bitfinex and now holding them in ownr while their price goes up and regret nothing.

  6. Kids don’t have the time for a 30 year investment plan. They want to get rich quick. Press buttons on your iPhone and you are a millionaire.

  7. I most say trading with Mrs Mercedes James is on of the best thing that has happened to me. after investing $4500 for a start, I now earn more every week. Crypto is the feature!

  8. The younger people are fed up with the traditional stuff and they are going on their own hunch. They love the crypto over stocks bonds and Realestate.

  9. After seeing alot of comments and recommendations about mrs Mercedes James, I also invested with her. I must say she’s the best in crypto.

  10. The stock market has been a really tough one this past year, but I watched an interview on CNBC where the anchor kept mentioning "Tamara Diane Hagan". This prompted me to get in touch with her, and from May 2021 till now we have been working together, and I can now boast of $540,000 in my trading portfolio.

  11. i have been making losses trying to make profit trading. I thought trading demo account is just like trading the real market… can anyone help me out or at least advise me on what to do?

  12. Fantastic video❤️ Bitcoin has follow this pattern for sometime now; it dips and gets everyone scared then after retesting an old resistance several times, we wake up one day to see it has bullish.

  13. I’m also taping to mrs Mercedes James trade, she’s an expert. I invested with $300 but I now earn more than that in just a week.

  14. Because they’re inexperienced and have stimmy checks, and simply don’t care if they lose. Times 100 million and thousands of stimmy dollars and you have lots of buying power…temporarily.

  15. They say AMC is the best at the moment, But do you have an idea how well it would do? I just retired and set aside $83k to invest aggressively with mainly AMC and NIO. Kindly let me know your thoughts.

  16. Because they are stupid and getting sucked in to gambling instead of investing.

    The whole market is a scam nowdays where companies producing nothing and losing money just keeps getting more expensive… How long can it go on.

  17. The crypto and forex markets are really tricky but with Morgan Delbert’s expertise I just made $60k in just a month of investing

  18. very informative video you have here, there are several reasons why investment advisors and high net worth investors including major Banks are recognising the benefits of Bitcoin in their strategic asset allocation. Key among them are portfolio diversification, the upside potential versus other assets, and future adoption potential with others like ETFs. (countries like Germany are taking the lead already). So far my trading experience has been awesome for years with the teachings of career trader Isaac Steward who has been my portfolio strategist. I started with little over 4BTC, so far i’ve accumulated more than 16BTC after taxes.

  19. Why can’t we simply allow one way conversion and prevent conversion from crypto back into local currencies? After all, doesn’t crypto want to replace existing fiat, implying no need for fiat. Hence, why the need for conversion back into fiat?

  20. Of course new investors are Bullish on Bitcoin, why would you invest in something that you’re bearish on?

    What a dumb thing to say

  21. After losing much crypto to scammers, I decided not to go into crypto again but Mrs Mercedes James gave me a reason not to. Investing with her has been the best decision I’ve ever made, she’s really an expert on crypto trading strategies. I now earn enough within a week.

  22. Hello I’m new to Bitcoin investment trading and I have a few lose and I saw Mrs Lisa and I keep earning from it . Please can someone tell me Mrs Lisa strategy♥️♥️♥️♥️♥️♥️♥️♥️

  23. Nice video I so much love it…… most people remain poor only because friends and relatives discouraged and advised them against investing and trading forex while the wise ones kept investing and going higher financially

  24. Bitcoin is the future,you don’t need big amount of money to start up an investment you can start up with just little amount and then grow it up when you get your profits

  25. <≤Thank you for your videos mate. I watch them and they are meaningful💥and love your content, most people don’t understand the concept OF "buying the dip" buying the dip is all about buying digital assets when their price are down and selling off when the price rise. Holding is great, Trading is far more profitable. I was able to grasp the knowledge of trading crypto assets early enough, but I was still limited due to my lack of technical understanding of how to analyze the digital market, all change when I encountered an exper Mr Wesley I must confess it was easier for me to understand with his assistance that he made me 4.3BTC. if you want any assist on crypto @wealey78

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