The popularity of cryptocurrency investing could fuel charitable giving, says Fidelity Charitable, which found that 45% of cryptocurrency investors donated $1,000 or more to charity in 2020, compared to 33% of all investors.
Cryptocurrency’s popularity among millennials “makes it increasingly likely that this trend is here to stay,” Fidelity said in a release. It found that 35% of millennials own crypto, versus just 13% of investors overall, and almost half (48%) of millennials see themselves as knowledgeable about digital currency, compared to just 13% of all investors.
What’s more, nearly nine-in-ten millennials say charitable giving is an important part of their lives, compared to 74% of the total population.
But the full financial implications of investing in cryptocurrency are not yet widely understood — even among those who have invested, Fidelity said, noting that 38% of cryptocurrency investors in a survey it conducted over the summer were not aware that selling digital assets is a taxable event and that 55% were not sure that digital assets can be donated to charity.
Arch claims 40% operating cost savings for Mercer as Nitrogen unlocks its agentic AI and tech suite to 10,000 Osaic advisors
A happy coincidence: one of LPL Financial’s corporate campuses happens to be based in Rep.-elect Wes Climer’s new district.
Wells Fargo and UBS also add advisors from Morgan Stanley, Edward Jones, Merrill and Fidelity in a fresh round of wirehouse recruiting
How we got here – and what to do about it
AI trust gap: Americans want protection, not autonomy, in their finances
Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.
As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor
