New Coinbase report points to ‘broken’ traditional finance system: Armstrong
Cointelegraph
A Coinbase report shows younger investors allocate more to crypto due to a perceived broken traditional finance system.Summary
Coinbase CEO Brian Armstrong asserts the traditional financial system is broken, evidenced by a new Coinbase report conducted by Ipsos. The study of 4,350 US adults reveals that Gen Z and millennial investors are trading more frequently, taking greater risks, and allocating significantly more of their portfolios—25%—to non-traditional assets like crypto, compared to 8% for older investors. Younger investors feel it is harder to build wealth traditionally, viewing cryptocurrency as offering more financial opportunities. They also seek platforms offering 24/7 markets and are more likely to trust social media and peers for investment cues, indicating a shift away from legacy financial channels.
(Source：Cointelegraph)