According to a new data 40% of millennials would prefer to invest in crypto assets in the event of a recession. In a news release, eToro cited a survey on generational investment conducted from July 18 to July 31 among 1,000 online investors in the United States. Respondents aged between 20 and 65 years represented Generation Z, millennials, and Generation X.

The survey found that more than two-thirds of U.S.-based investors are afraid of a recession, and would consider converting part of their stock portfolios to safer investments or hedge with crypto assets, commodities or real estate.

Among survey participants, 40% of millennials said that they would prefer to invest in crypto assets if a recession occurs, while 50% of Gen Z said they would choose real estate. As for Gen X, 38% said that they would hedge with commodities.