More than half of Gen Z owns crypto: Gemini

According to Gemini, more than half of adults in generation Z have or had cryptocurrencies before.

The survey, carried out in five countries and shared with Crypto.News, stresses that young investors are more actively engaged in digital assets compared to older generations.

The results suggest that The approach of generation Z Digital assets could shape the future of investment and regulation.

The report questioned 6,000 adults in the United States, the United Kingdom, France, Singapore and Turkey between May and July 2024. Among respondents of the Z generation (aged 18 to 29), 51% said they currently owned or had already possessed cryptocurrencies. Which compares to 35% of the general population, according to Gemini.

The property rates were the highest in the United Kingdom, where 53% of respondents of generation Z declared to hold crypto, against 32% of the general population.

In SingaporeThe rate was 50% for generation Z and 42% in all age groups. In France, it was 47% for generation Z and 31% overall.

The property of cryptography means buying, holding or exchanging digital assets such as bitcoin (BTC) and Ethereum (Ethn). Many investors consider these assets as an alternative to traditional investments such as stocks or obligations.

The opinions of generation Z on regulation

The survey also examined how generation Z considers the regulation of cryptocurrencies. While 46% of the general population said that it strongly supported the increase in government surveillance, only 31% of generation Z respondents shared the same point of view.

This suggests that younger investors can be more comfortable with the current level of regulation or trust the industry to self -regulate.

Regulations can ensure market stability and protect investors from fraud.

Why Gen Z invests in the crypto

Almost half of generation Z respondents (48%) said they were investing in cryptocurrency to generate income. Some see it as an opportunity to take advantage of price fluctuations, similar to the negotiation of shares.

Others use it as coverage against inflation, believing that crypto can help protect their wealth in the event of cost increases.

In the United Kingdom, 42% of Crypto Gen Z owners said that they used digital assets as coverage against inflation, against 32% of all crypto owners in the country.

In France, 39% of respondents of generation Z said they are investing in the for -profit crypto, compared to 30% of the general population.

Interest of the Gen Z Etf

The rise in the funds negotiated on the stock market makes the crypto more accessible. The FNBs allow investors to expose themselves to the crypto without directly holding the assets.

Instead of buying bitcoin, for example, investors can buy shares from a Bitcoin ETFwhich follows the price of cryptocurrency.

The survey revealed that 48% of generation Z respondents were more likely to invest in the crypto due to the ETF. In all age groups, this figure was 37%.