New Coinbase report points to ‘broken’ traditional finance system: Armstrong
A new Coinbase–Ipsos survey shows younger US investors are trading more often, taking more risk and putting a far larger share of their portfolios into crypto.
Coinbase CEO Brian Armstrong says we already know the traditional financial system is broken. Younger people increasingly feel “locked out of the old wealth ladder,” and seek alternative assets like crypto.
The numbers in Coinbase’s latest “State of Crypto” report back him up. The study, run by Ipsos in the fourth quarter, finds Gen Z and millennial investors are trading more often, taking more risk, and putting a much bigger slice of their portfolios into crypto and other non‑traditional assets than older generations.
The survey of 4,350 US adults shows stock ownership is roughly the same across age groups (47% of younger investors versus 50% of older ones), but portfolio composition looks radically different.
