Generation Z not fascinated by Bitcoin and other digital assets
|- Young people are not planning to buy cryptocurrencies any time soon.
- This trend may influence the development of the industry.
Generation Z is teens and young adults born after 1995 and aged between 13 and 21. While the majority of them are still too young, to make independent financial decisions, they are our future, and they are shaping the world we are going to live in.
Meanwhile, a majority of Gen Z are not going to buy Bitcoin or other digital currencies in the nearest future, according to the recent research performed by Business Insider.
Thus, out of 1,884 people surveyed by the media outlet, 52% said they would not purchase cryptocurrency in the next six months, while 17% said they were not likely to do so. Only 26% of young people confessed that they were somewhat likely, very likely, or extremely likely to purchase digital coins over the specified timeframe.
Considering that the share of Gen Z in the US population surpassed 25% and growing, results of the survey on the pace of cryptocurrency adoption may have more profound implications than those that lie on the face of it.
These kids shape the consumer market as 74% of mothers admit that their kids influence the choice of clothes and mobile devices, according to recent research. It won't take long for them to influence financial decisions of their parents as well, as they are eager to become financially independent to look for ways to earn and save money.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.