- Over half of Gen Z respondents own cryptocurrencies.
- Gen Z sees crypto as a hedge against inflation.
According to a recent Gemini survey, Gen Z is the most interested and positive generation towards cryptocurrencies. Reports show that over 50% of Gen Z respondents claim to own digital assets, compared to just 35% of the general population. The 6,000 adults from multiple countries surveyed, however, suggest a seismic shift in generational preferences.
It is following the same trend in the other large regions. In the United States, 51% of Gen Z reported that they owned cryptocurrency, while 49% of millennials and just 29% of Gen Xers said they had cryptocurrency. In the UK, 53% of Gen Z holds crypto, compared to just 35% of the overall population. The same trend appears in Singapore, Turkey, and other regions.
Gen Z’s Crypto Optimism and Inflation Concerns
Beyond ownership, Gen Z has a different view on crypto regulation. While 46% of the overall population believes that stronger regulations are needed, only 31% of the respondents from Gen Z strongly agree. The report says that it indicates the new generation’s confidence in the self-regulation capability of the industry and its growth.
This can also be related to inflation causes, the younger investors view digital assets more and more as hedges against the increased prices and investment in increasing cost uncertainty, according to the report.
In other words, in the UK, 42 percent of Gen Z owners of cryptos, a percentage which comes with only 32 percent, use digital assets against the inflow of growing cost of living compared to everyone’s.
As the crypto landscape continues to change, it may be a growing influence that shapes the future in the hands of Gen Z-the position of cryptocurrency in mainstream adoption.
