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Do college savings and cryptocurrencies go together?

Cryptocurrencies have crashed in recent weeks, with prices on Bitcoin and Ethereum – the two most widely used cryptos – plummeting.

Bitcoin has lost around 50% of its value in the past two months and Ethereum has been doing worse lately, falling from $4,800 in November 2021 to $985 in June 2022.

Simultaneously, a new study shows that American parents continue to pour cryptocurrency assets into household savings accounts.

According Smart, 87% of parents have invested in crypto to pay for kids’ college expenses, while 41% have $10,000 or more in crypto investments in their college funds.

#college #savings #cryptocurrencies

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