When baby boomers fell in love with bitcoin. . . | Money


Baby boomers have invested their money in cryptocurrency while millennial investors have avoided bitcoin and litecoin, according to a report.

More than one in five people who hold a cryptocurrency is a baby boomer – aged 55 and over – compared to 7% in 2019, according to a study by the Financial Conduct Authority (FCA). There has been a sharp drop in the number of young cryptocurrency investors over the same period, with the proportion of millennial crypto investors increasing from 39% in 2019 to 21% this year. Generation Z is also less likely to invest in assets, according to the FCA research note released on June 30.

The temperature reported last week that the 83-year-old investor David Browning, a retired electrical engineer, had


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