Wealthy young investors allocate up to 17% of portfolios to cryptocurrency, altering traditional risk profiles.
A Bank of America Private Bank study shows that young wealthy investors (ages 21-43 with over $3 million) are allocating significant portions of their portfolios to cryptocurrency, with conservatives averaging 17% and aggressives 14%. This trend challenges traditional risk profiles, as many view crypto as a potential hedge against economic instability. The shift in investment behavior reflects changing perceptions of risk in the current financial climate.
October 07, 2024
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