2021 has reportedly proven to be the year that amplifies crypto adoption majorly, with institutional crypto investments along with millennials becoming millionaires being the primary talk of the town. 

Specifically, A new CNBC survey reportedly disclosed insights showing that a large part of millennial millionaires possess a major sum of their portfolio in crypto, and aim to keep on expanding their crypto investments in the next year. 

The survey was reportedly conducted with the participation of investors with assets of $1 million or over, and 83% of the polled millennial millionaires revealed they had completed crypto investments.

More than fifty percent – 53% to be exact – of the survey’s participants reportedly shared that crypto makes up half or more of their investment portfolio. 

Around one-third of the respondents have reportedly made investments of a minimum of three-quarters of their wealth in crypto assets. 

While a few may be surprised by what the poll showed, the individuals that have been placing a close watch on the crypto boom in 2021 would know how a generation of TikTok investors made millions of dollars on investments in meme currencies.

The CNBC survey further disclosed a significant generational gap when it comes to investment. On one hand, millennials are making a maximum amount of investment of 50% of their wealth in crypto, while on the other hand, only 4% of the older generation have invested in digital assets and only one-fourth of the GenX holds crypto.

George Walper, president of Spectrem Group, who was in charge of carrying out the survey for CNBC, reportedly revealed that the new generation’s climbing interest in the nascent crypto market could become a problem for wealth managers.

“I’m not sure the wealth management industry has recognized that they need to think of these as completely different generations. Most firms were hoping to ignore it. But millennial millionaires are not going to just grow out of crypto.”