A whopping 46% of millennials in major countries worldwide now possess cryptocurrency, transforming the financial landscape as we know it.
The crypto exchange Bitget conducted a study from July 2022 to January 2023 and collected data from 255,000 adult participants across 26 nations.
With roughly 10,000 respondents per nation, the study included major population countries like the United States, China, Japan, Germany, Indonesia, and Nigeria.
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The findings showed that a striking 46% of millennial respondents held cryptocurrencies, followed by 25% of Gen X, 21% of Gen Z, and a mere 8% of baby boomers. With a 95% confidence interval and an error margin of just ± 0.1%, these results are nothing to scoff at.
Moreover, the survey found that cryptocurrency regulation was a key factor in political voting for many respondents, particularly younger generations. A noteworthy 4% of baby boomers, 6% of Gen X, 27% of millennials, and a dazzling 36% of Gen Z participants stated that crypto regulations heavily influenced their vote.
When talking about the results, Bitget researchers pointed out that:
<B>y the beginning of the next decade, demographic processes may lead to a dramatic shift towards increased acceptance of cryptocurrencies as a higher proportion of younger generations continue to exhibit strong demand for crypto, despite the slowdown in population growth.
These findings verify other researchers' suggestions that Gen Z and millennials record the highest crypto adoption rates among all age groups.
A Charles Schwab survey published in October 2022 indicated that nearly 50% of Gen Z and millennials desired cryptocurrencies in their retirement funds. Furthermore, the study revealed that 43% of Gen Z and 47% of millennials already actively invest in cryptocurrencies beyond their traditional 401(k) retirement accounts.
In February, crypto exchange Coinbase shared a report revealing that 76% of US investors believe crypto is the future.
The growing popularity of cryptocurrencies among younger generations heralds a major shift in the global financial landscape, with millennials leading the charge.
