Key highlights:
- According to their research, 46% of millennials own cryptocurrencies, and over a third of Gen Z consider crypto regulation highly relevant in their voting decisions.
- However, Gen X and Baby Boomers are less likely to consider a candidate’s cryptocurrency policy when voting or to become adopters themselves.
- Projections show that the percentage of cryptocurrency owners who consider a candidate’s policy may spike from 27% to over 42% as more Millennials and Gen Z reach voting age and Boomers decrease in coming years.
Bitget, the admirable crypto trading platform, just published an extensive and insightful study on how different age groups perceive and adopt cryptocurrencies. Their research analyzed over 459,000 survey responses across 26 countries.
Cryptocurrency Adoption Differs Among Different Age Groups
A whopping 46% of millennials already own cryptocurrencies, far surpassing the older generations. More significantly, over a third of Gen Z consider crypto regulation highly relevant in their voting decisions. The potential implications are profound as the demographic tide shifts further in the coming decade. The demand for cryptocurrencies among youth remains red-hot despite recent market fluctuations. Other surveys reinforce this trend, with nearly half of Gen Z and millennials eager to invest their retirement funds into cryptocurrencies
In contrast, Gen X and Baby Boomers, who grew up before the digital age and tend to highly value stability and trust in institutions, are less likely to consider a candidate’s cryptocurrency policy when voting or to become adopters themselves. While currently large in number, their influence is diminishing as populations age.
The Influence of Different Generations on Cryptocurrency Regulation
Projections show the percentage of cryptocurrency owners who consider a candidate’s policy may spike from 27% to over 42% as more Millennials and Gen Z reach voting age and Boomers decrease in coming years. All generations surveyed believe regulation will become more favorable.
The Bitget report provides unparalleled insights into this emerging force that will shape our global financial system. Cryptocurrency is a phenomenon intertwined with technology, values, and human experiences. By understanding these demographic factors, we can gain insight into its future and how societies may be reshaped in decades to come.
