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-0.000340611056234963 0.000698252665281461 0.000953710957457586 0.000153274975305559 -0.0015668108586806 0.00181205081916953 0.00231649579345339 0.00359344664327787
Stock impact report

Gen Z millionaires are rushing into crypto—and they blame the risky bet on FOMO. Fear of missing out [Fortune]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
Company Research Source: Fortune
Yet despite well-documented warnings about its volatility, wealthy Gen Z and Millennials are embracing the asset class at rates far exceeding older generations. Recommended Video Among affluent young investors—those with between $100,000 and $999,999 in assets—48% report holding cryptocurrency, according to a new report from the CFA Institute . That's nearly double the share of Gen X and baby boomers in the same wealth bracket, only about a quarter of whom own crypto. The pattern holds at higher wealth levels, too. Among Gen Z and Millennial millionaires, 50% hold crypto, compared with just 33% of their parents and grandparents. And what's driving it? Roughly 44% of Gen Z and 49% of Millennials say their decision to invest in crypto is influenced by fear of missing out—known as FOMO. Big potential, big risk: Bitcoin's value has halved in recent months In recent months, the bet is not looking as enticing as it once was. After hitting a record high of $124,000 in October, Show less Read more
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