Younger wealthy investors raise alternative asset allocations, seen as crypto tailwind

A recent Bank of America survey of high-net-worth investors found that those aged 21 to 43 allocate 53% of their portfolios to assets outside traditional stocks and bonds. In related commentary, crypto asset manager Grayscale said more than $100 trillion in assets is expected to shift to younger generations over the coming years, and their strong preference for alternative investments could act as a tailwind for the crypto market.