Survey: Average Millennial Cryptocurrency Holdings Worth Just Over $1,800

GamblersPick reported on August 20 that it surveyed 1,000 U.S. crypto investors and found that the average millennial now holds slightly more than $1,800 worth of cryptocurrencies.

The survey showed that 25% of respondents used credit cards instead of fiat currency to buy cryptocurrencies and borrowed nearly $500 from banks and families to supplement their existing investment portfolios.

When asked about the sources of future cryptocurrency investments, 21% of respondents revealed that they plan to take on consumer debt, while more than 20% decided to use their bank savings or refinance their homes. Surprisingly, baby boomers borrowed an average of more than $4,000 to buy cryptocurrencies. In contrast, newer generations are taking out fewer loans to add to their cryptocurrency portfolios.