Research: Millennials Will Invest in Crypto During Recession, Gen Z in Real Estate, Fractional Ownerships

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September 11, 2019 – A new study by investment platform eToro reveals 40% of millennials prefer to invest in cryptocurrency during a recession.

eToro conducted the study among 1,000 investors in the United States. Respondents are between the age of 20 and 65 years old, representing the audience: Generation Z, millennials, and Generation X. Millennials are born between 1981 – 1996 and are age 23 – 37 years old in 2019.

Recession is a term that refers to the significant decline of the economy for atleast 6 months. While a recession begins when the GDP growth rate is negative for 2 consecutive quarters, the symptoms can and will always begin earlier.

Going back to the survey, eToro learned that 40% of millennials will invest in cryptocurrency if there is a recession. 50% of Generation Z (born 1997 onwards) prefer real estate. Generation X prefers commodities.

The report also reveals that in times of recession, stock portfolios of people will decrease but it will “fuel investor’s interest in fractional ownership”. Fractional ownership is when a person purchases a portion of an asset instead of purchasing the whole. For example, wallet app Abra allows a person to invest in US stocks for a portion of how much they really are. C Estates in the Philippines is looking to tokenize properties, allowing everyone to buy a portion of a real estate. In the survey, 92% of the respondents who say they are worried of recession also said they will own “fractions of famous artworks, buildings, and private startups”. 55% also said they will sell a portion of their stocks to finance their fractional investment ownership.

Source: Cointelegraph

This article is first published on BitPinas: Research: Millennials Will Invest in Crypto During Recession, Gen Z in Real Estate, Fractional Ownerships

Photo by Simon Maage on Unsplash

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Michael Mislos

A business ad graduate from the Pamantasan ng Lungsod ng Maynila, Mike is the website manager of Bitpinas.com. He is responsible for almost every content you see on the site, from topic/news selection to editing of articles. Mike believes correct information about blockchain and cryptocurrency can empower people to make accurate decisions about the industry, which, in turn, should deter bad actors from taking advantage of crypto & blockchain. [Telegram @mikemislos]