Generation Z, which includes people born after 1995, prefers to invest in cryptocurrencies over traditional stocks, a recent survey shows.
According to a survey conducted by US insurance broker PolicyGenius, cryptocurrencies are especially attractive to younger generations, such as Generation Z.
The results revealed in the survey indicate that when it comes to investing, people belonging to this generation prefer cryptocurrencies over traditional assets such as stocks. In fact, the survey found that only 18% of Gen Z own stocks, compared to 20% owning cryptocurrencies and digital assets.
Clearly, the published results show that cryptocurrencies have gained great popularity among members of this generation, who prioritize online shopping and virtual work in their daily lives.
1 in 5 US adults owns cryptocurrencies
Beyond cryptocurrency ownership, the survey also analyzed the opinion of holders of these crypto assets, finding that They are more accessible when investing.
According to results, real estate is increasingly unattainable for younger investors in the country, due to a combination of several factors, including high interest rates, stagnant incomes, and a low housing stock. This, according to the company, has put homeownership out of reach for many American adults, while cryptocurrencies, as alternative investment assets, have become much more accessible, both due to the low cost of entry and the way they are bought, sold, and exchanged digitally. As a result, today, 1 in 5 American adults under the age of 42 own cryptocurrencies, it indicated.
Preference for cryptocurrencies and NFTs
Another interesting fact revealed in the PolicyGenius survey is that Gen Zers are much more likely to invest in alternative assets such as cryptocurrencies and non-fungible tokens (NFTs), compared to other generations.
The survey also found that younger adults who belong to the Millennials, between the ages of 27 and 42, also have preference for cryptocurrencies and NFT tokens, compared to their older counterparts. He also revealed that social media is gaining greater prominence among young people seeking financial advice from different sources.
The survey was conducted by YouGov for PolicyGenius in the United States in mid-October last year, polling more than 4.000 Americans aged 18 and over online.
Bitcoin as a store of value
Cryptocurrencies, especially Bitcoin, have gained wider acceptance as alternative investment assets, which can help their holders diversify their portfolios or protect themselves against currency devaluation. In the case of Bitcoin, its great potential as a decentralized financial system, its limited issuance, and its enormous capacity for appreciation, which has been demonstrated over the years, have made it a hedge against inflation and interference for many investors.
Added to all this is the arrival of spot ETFs, which allow investors to have greater accessibility to cryptocurrency and highlight its greater acceptance in the main market.
Bitcoin ETFs are driving Bitcoin adoption, both among individual investors and institutions, who are increasingly taking the leading cryptocurrency more seriously as a global asset.
Continue reading: New Bitcoin record: $200.000 billion in trading volume in spot ETFs
IMPORTANT: The content of this article is for informational purposes only and, in no case, what is written here should be taken as investment advice or recommendations. Bit2Me News reminds you that before making any investment you should educate yourself and know where you invest your money, as well as the pros and cons of the system. We separate ourselves from the actions and consequences that ignorance may entail. If you decide to invest in this or another asset class, you are solely responsible for the consequences that your decisions and actions may have.
