Indian Youth Flock to Cryptocurrency Investing, But Seniors Hold Tight

Crypto investment in India is booming among young adults, with 75% of investors under the age of 35, according to a recent study by CoinSwitch. The report highlights that the youth are not just new to investing but also more risk-averse than their older counterparts.

The youngest group (18-25 years) led the way in terms of new sign-ups during the April-June quarter, with 50.5% of investors in this age group making up the largest chunk of the market. In contrast, investors aged 46 and above emerged as the most resilient, holding onto their assets through market ups and downs.

The study also reveals that young investors preferred to sell and book profits rather than hold, while older investors tend to diversify their portfolios to manage risk better. For instance, only 36.3% of investors in the 36-45 age group hold just one cryptocurrency, compared to 59.2% of those aged 18-25.

The report suggests that Indian investors are adopting a highly calculated strategy when it comes to crypto, selling their assets at the right time to secure profits or limit losses. CoinSwitch's Co-founder Ashish Singhal notes that 'Indian investors do not hesitate to sell their assets at the right time.'