According to a survey by the World Economic Forum (WEF), while 29 percent of investors said they did not understand digital currencies, nearly 40 percent said the same about stocks and bonds. The personally funded survey, in collaboration with BNY Mellon and Accenture, included more than 90,000 people from nine countries.
Because 70% of retail investors are currently under the age of 45, it reveals a widening gap. While the majority said they were looking to build long-term wealth, the other 40% of respondents hadn't invested because they didn't know how to invest or found it too confusing.
Meagan Andrews, director of investment at WEF, said: "With the global selection of digital currencies and the sharp increase in trading volume in the past few years, there have been many discussions, which may affect investors' product awareness." Individual stocks, bonds and other products may also have an impact on cognition. opposite effect. "
According to a report by VandaTrack, retail investors are coming back, resulting in nearly $1 billion in recent inflows into digital currency-related stocks. Last month, Marathon Digital Holdings, Coinbase Global and Riot Blockchain, which Fidelity reported were among the most traded assets on their platforms.
The NYSE FactSet Global Blockchain Technology Index is on track for its biggest monthly gain so far in February 2021, while the Tracker BTC Bloomberg Galaxy Crypto Index, which includes the largest digital currency, is up about 35% so far this year. Meanwhile, half of the 20 best-performing U.S. exchange-traded funds (ETFs) since the end of June are related to digital currencies. "It's going to be here," said Ed Moya, senior market analyst at Oanda Corp.
