A research titled How Millennials See Their Financial Future by investing firm, Alto revealed that over 39 per cent of millennials own cryptocurrencies, which is greater than the percentage of millennials who own mutual funds and almost equivalent to the percentage of millennials who own individual equities. The same report noted that over 70 per cent of millennials who own crypto and an individual retirement account (IRA), also hold crypto in an IRA. Alto asked questions to 2,000 consumers in a quantitative online poll.Investopedia's Financial Literacy Survey of 2022, said cryptocurrencies are the most popular investment among millennials (age 26-41). In comparison to others, younger investors think that cryptocurrencies will provide the best return on investment over the next decade. Earlier in June, another survey showed that high-net-worth individuals are also embracing crypto. According to the World Wealth Report, 71 per cent of wealthy participants have invested in digital assets such as crypto, nonfungible tokens (NFTs) and exchange-traded funds. The same month, a report from research firm Blockware Intelligence showed that Bitcoin (BTC) adoption might surpass the adoption rate of other technological disruptions such as smartphones, the internet and social media.