Gemini Survey Reveals Gen Z Leads Crypto Adoption
- Gemini survey finds out that more than 50% of Gen Z respondents own digital assets.
- Gen Z is the most optimistic generation when it comes to digital assets.
Cryptocurrencies are more popular among younger generations compared to older generations. The recent Gemini survey also confirmed the same after surveying around 6,000 adults across various countries. Furthermore, Gen Z is also the most optimistic generation when it comes to cryptocurrencies.
Geminis State of Crypto Report revealed that more than half of Gen Z respondents stated that they own cryptocurrency. On the other hand, only 35% of the other population surveyed holds cryptocurrencies. This survey included 6,000 respondents from global countries such as the UK, the US, France, Singapore, and Turkey.
When it comes to the US, 51% of Gen Z respondents currently own or had previously owned cryptocurrency. While 49% of Millennials and only 29% of Gen X reported that they own digital assets.
Even the UK has a similar scenario in regards to crypto adoption among different generations. In the UK, around 53% of Gen Z respondents own crypto compared to 35% of the general population. These percentages become more pronounced in other countries as well. While Singapore records 50% of Gen Z holding cryptocurrencies, over 47% of Gen Z holds cryptocurrencies.
Gen Z is the Most Optimistic Generation About Crypto
When the survey questioned respondents regarding crypto regulation, 31% of Gen Z string agree for the need for increased regulation. On the other hand, 46% of the general population felt there is a need for crypto regulation. This difference is clear when we look at the investor demographics of digital assets and traditional financial instruments.
While established regulatory frameworks are still being rolled out, this suggests that Gen Z has a more optimistic view of the industrys efforts to govern crypto.
Additionally, the report also highlighted that Gen Z is more concerned about increasing inflation. Thus, the younger generation deems crypto as the best tool to act as a hedge against inflation.
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Read more: https://thenewscrypto.com/gemini-survey-reveals-gen-z-leads-crypto-adoption/
Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
