The phenomenon of cryptocurrencies branches in different directions of the social and age pyramid.
To understand the relationship between demographic processes and crypto 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, one of the top five exchanges.
The participants were categorized into 4 generational groups: Baby boomers (1946 -1964), generation X (1965 - 1980), Millenials (1981 - 1996) and generation Z (1997 - 2012).
To reach the conclusions, he analyzed the responses of 255,000 people from 26 countries around the world, including Argentina.
Young people and their relationship with crypto.
Photo Streambe
More than 50% of crypto holdings
are concentrated among the Millennials and Generation X groups
, which indicates an unequal use of digital assets among the different age ranges.
While only Millennials -those who adopt innovations the most early- represent 31% of
crypto
owners and are the ones who are most familiar with the benefits that blockchain offers.
This inclination for cryptocurrencies is mainly explained because she is more familiar with the internet and is at the right age to build her investment portfolio.
Witnessing the 2008 financial crisis, they developed a distrust of traditional
financial institutions
.
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 so, they grow up and experience technology as part of their daily lives.
It is not surprising that as they become more adults, they are the ones who take the lead in the use of cryptos.
regulatory policy
Who benefits from the regulation of the crypto market.
Photo REUTERS
One of the queries with a local tinge is whether, for the election of the next government candidate, they take into account the one who speaks about the regulation of the cryptocurrency market.
There is a significant increase in the percentage of Gen Xers and Millennials who answer in the affirmative.
The increase
from 6% to 27%
can be attributed to the change in value mapping seen in these two generations.
Baby boomers and Gen Xers hardly take into account a candidate's attitude toward digital asset regulation.
Although the age groups surveyed are cryptocurrency owners, they make their decision primarily based on other factors.
The top aspect of your values when participating in the elections does not include the support of a candidate who can lobby the interests of the cryptocurrency community.
Generation X vs. 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.
By then, the spread of blockchain technology could lead to an increase in the percentage of cryptocurrency adopters across all generations.
At the same time, Generation Z will be able to move quantitatively closer to the current number of Millennials, and regulatory representation will change accordingly.
look too
To prevent fraud, Tinder implements a new verification system for profiles
Google copied its most controversial feature from Twitter: the blue tilde lands in Gmail
