You don’t need to be a millennial to have a financial interest in bitcoin or cryptocurrency. A new survey shows that those who were born in the 1990s are more likely to invest in bitcoin than those born from the late 90s to mid 2000s.
A recent survey conducted by the University of Maryland’s Center for Instructional Technology revealed that respondents ages 18 to 22 were more likely to invest in cryptocurrency, such as Bitcoin and Ethereum, than traditional investments such as mutual funds.
A new survey of college students has found that Generation Z (GenZ) is more likely to invest in cryptocurrencies and memes over traditional investments. About 32% of GenZ respondents said they would rather invest in cryptocurrencies, with figures for younger generations increasing up to 44% in GenZ, and going down to 28% for Boomers. Gen Z also was found to be more likely to invest in blockchain startups, both in terms of time and money.. Read more about best upcoming cryptocurrency and let us know what you think.A recent study by Gambler’s Pick found that members of Generation Z are less likely to invest in traditional assets like stocks and more likely to invest in cryptocurrencies, meme investments and non-functional tokens (NFTs).
Generation Z is more likely to invest in cryptocurrencies and memes than in stocks and conventional investments.
The web portal gamblerspick.com published a study in late April that sheds light on the investment decisions of Generation Z. Generation Z, or Gen Z for short, is a demographic group that is replacing the millennials. The band popularly known as Zoomers formed in the mid to late 1990s and early 2010s. Gambler’s Pick Research notes that Generation Z is more likely to invest in cryptocurrencies and NFTs than in traditional stocks. 872 people participated in the study, of which 24% were Generation Z and 27% were millennials. 25% were from Generation X and 24% were baby boomers and older, according to the Gambler’s Pick study. Some key findings indicate that Generation Z likes to shop collectively, but still tends to invest in things like sneakers and clothing. Interestingly, Generation Z indicated why they invest and mentioned fighting institutions and participating in the movement. With things like memes, cryptocurrencies and NFTs at the forefront of investing, Gambler’s Pick claims that zoomers are better at risk investing than the older generation. Baby boomers (and older respondents) prefer a little more certainty in their investments, researchers at Gambler’s Pick write. According to Gambler’s Pick, Gen Zers prefer advice and opinions from Reddit, social media, family and friends over technical analysis and fundamental stock data. Finally, a survey of 872 people found that Zoomers believe the markets are manipulated and dominated by wealthy individuals and institutions. In general, baby boomers (and older) were somewhat more skeptical of these theories, but members of younger generations were convinced there was some truth to them, the researchers concluded. What do you think about the fact that Generation Z prefers cryptocurrencies, memes and NFTs over traditional investments like stocks? Let us know what you think in the comments below.
Tags in this story
Baby boomers, crypto, crypto assets, cryptocurrencies, cryptocurrency investing, demographics, Gambler’s Pick, Generation X, Generation Z, crypto investing, memes, meme assets, meme investing, Millennials, stocks, poll, survey, traditional investing Photo credit: Shutterstock, Pixabay, Wiki Commons, gamblerspick.com Search Denial: This article is for information only. It is not a direct offer or invitation to buy or sell, nor is it a recommendation or endorsement of any goods, services or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author shall be liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services referred to in this article.A study released this week by the Marketing Research Foundation paints a grim picture of Gen Z’s investment habits. During a time when most millennials are more focused on stocks and bonds, the study found that young people are far more interested in investing in cryptocurrencies and memes.. Read more about cryptocurrency vs stocks and let us know what you think.
best upcoming cryptocurrencynext bitcoin stockfuture of cryptocurrency 2021cryptocurrency vs stocks,People also search for,Privacy settings,How Search works,best upcoming cryptocurrency,next bitcoin stock,future of cryptocurrency 2021,cryptocurrency vs stocks