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Some investors are putting more money into cryptocurrencies than stocks
Oct 20, 2021 | CNBC
Picture - Some investors are putting more money into cryptocurrencies than stocks

Investors who are bullish on cryptocurrencies are betting more on the digital assets than stocks.

In September, crypto investors put an average of $263 into accounts dedicated to coins, more than the average $250 they put in traditional brokerages during the month, according to a recent survey from Cardify.

"Month over month, the amount that users are putting into either crypto or traditional investments have shifted," said Amber Foucault, head of product at Cardify. So far this year, nearly 25% of the money that investors are putting away is going to cryptocurrencies, a big jump from 5% last year, she added.

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