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- Ankets conducted in 26 different countries showed that the Z and Y generations are interested in cryptocurrency investment.
- The surveys also revealed that the Y and Z generations want to include crypto assets in their retirement plans.
According to a survey conducted with 255,000 people in 26 different countries, the Y and Z generations are very interested in and investing in cryptocurrencies.
The Y and Z Generations Are Interested in Crypto, According to the Survey
Researchers conducted a survey of a total of 255,000 people from four different age groups in 26 countries: the Y generation, the X generation, the Z generation, and the Baby Boomers generation. Some of the countries surveyed were the United States, Nigeria, China, Indonesia, and Japan.
Specifically, the countries surveyed had larger populations, and researchers targeted 10,000 people from each. The margin of error is ±0.1, and the confidence interval of the study is 95%.
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Researchers conducted the study on 255,000 adults from 26 countries. They examined their crypto activities between July 2022 and January 2023.
According to the distribution, 19% of the respondents were Baby Boomers. The X generation accounted for 23% of the population studied, while the Z and Y generations accounted for 31% and 17%, respectively.
According to the findings, 46% of Y generation participants have crypto assets. Approximately 25% of X generation participants own crypto, while 21% of Z generation participants also have crypto assets. Meanwhile, the percentage of Baby Boomers who own crypto among the participants was 8%.
Researchers also found some participants who emphasized the importance of cryptocurrency regulation. Among these groups were 27% of the Y generation, 4% of Baby Boomers, 36% of the Z generation, and 6% of the X generation. According to the participants, voting decisions regarding political candidates are determined by regulations.
The Z and Y Generations Are More Interested in Crypto
When researchers announced the results, they noted that the Z and Y generations were more interested in crypto among the respondents.
The Y generation ranked first on the list of crypto asset participation due to their broader knowledge of the internet and other digital technologies.
Moreover, this demographic sees cryptocurrency as a promising investment option due to the significant returns investors have made since 2017.
On the other hand, Z generation participants are interested in modern technologies such as blockchain and crypto assets. These individuals were born after 2008 and have not experienced the negative effects of past financial crises.
In addition, a survey conducted by Charles Schwab revealed that more Y and Z generations want crypto assets to be part of their retirement funds. The asset manager discovered that these age groups want crypto assets to be added to their 401(K) plans.
46% of the Z generation and 45% of the Y generation voted yes. Additionally, 43% of the Z generation and 47% of the Y generation were already crypto investors. Another survey revealed that Z and Y generation participants aimed to rely on crypto assets during their retirements.