Millennials and Generation X concentrate 50% of holdings in cryptocurrencies: how they see the market

The phenomenon of cryptocurrencies branches out in different directions of the social and age pyramid. To understand the relationship between demographic processes and cryptocurrency adoption, the Bitget exchange analyzes the expectations and fears of this market.

“Understanding the demographic factors associated with cryptocurrency adoption will help assess the impact of policies that promote or regulate cryptocurrencies,” they explain from Bitget, a top five exchange.

Participants were divided into 4 generational groups: Baby Boomers (1946-1964), Generation X (1965-1980), Millennials (1981-1996) and Generation Z (1997-2012).

To reach its conclusions, it analyzed the responses of 255,000 people from 26 countries around the world, including Argentina.

Among the groups of Millennials and Generation X, more 50% stake in cryptocurrenciesindicating an unequal use of digital resources among different age groups.

While only Millennials, those who are early adopters of innovations, represent the 31% of owners of cryptocurrencies and know more about the advantages offered by the blockchain.

This inclination towards cryptocurrencies is mainly explained by the fact that he is more familiar with the internet and is of the right age to build his investment portfolio.

Witnessing the 2008 financial crisis, they developed a distrust of financial institutions traditional. Digital assets offer a decentralized alternative and are perceived as a more reliable option.

Generation Z is still at an early age to be able to invest independently, even as they grow up and experience technology as part of their daily lives. Unsurprisingly, as they get older, they take the lead in using cryptocurrencies.

regulatory policy

One of the questions with a local color is whether, for the election of the next government candidate, they take into account the one who talks about regulating the cryptocurrency market.

There is a significant increase in the percentage of Gen Xers and Millennials who respond yes. Ascending from 6% to 27% can be attributed to the change in value mapping seen in these two generations.

Baby boomers and Generation X hardly take into account a candidate’s attitude towards the regulation of digital assets. While the age groups surveyed are cryptocurrency owners, they make their decision mostly based on other factors.

The highest aspect of your values ​​when running in elections does not include supporting a candidate who can lobby the interests of the cryptocurrency community.

Generation X versus Millennials

Generation X grew up with the rise of the internet and digital technology, while Millennials were “digital natives” from a young age.

Gen Xers value stability and security in their careers, while Millennials prefer work-life balance and flexibility.

By 2030, all members of Generation Z will be adults. At that point, the diffusion of blockchain technology could lead to an increase in the percentage of cryptocurrency users of all generations.

At the same time, Generation Z will be able to quantitatively approach the current number of Millennials and regulatory representation will change accordingly.