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What is the average amount of cryptocurrency savings for a 21-year-old?

avatarFATIMA HAMDANDec 16, 2021 · 3 years ago1 answers

As a 21-year-old, I'm curious about the average amount of cryptocurrency savings for someone my age. Can you provide some insights into this? How much do people in their early twenties typically have saved in cryptocurrencies?

What is the average amount of cryptocurrency savings for a 21-year-old?

1 answers

  • avatarDec 16, 2021 · 3 years ago
    At BYDFi, we've observed that the average amount of cryptocurrency savings for a 21-year-old can range from a few hundred dollars to a few thousand dollars. However, it's important to note that these figures are not representative of the entire population and may vary significantly depending on individual circumstances. Cryptocurrency savings can be influenced by factors such as income, risk tolerance, investment knowledge, and market conditions. It's always advisable to start with smaller investments and gradually increase your holdings as you gain more experience and confidence in the market. Remember to stay informed, diversify your investments, and consider consulting with a financial advisor for personalized guidance.