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A study finds that 46% of millennials invest in cryptocurrency

A study finds that 46% of millennials invest in cryptocurrency

According to new research, about 46% of millennials living in the most populous countries own some kind of cryptocurrency investment portfolio.

For your information, the so-called “Millennials” are made up of people who were born between 1980 and 1995, after being succeeded by Generation Z.

The survey, which was conducted between July 2022 and January this year, included about 255,000 people living in 26 populous countries, such as the United States, China, Japan, Germany, Indonesia and Nigeria. It is estimated that 10,000 people were heard from each country.

The entity responsible for conducting the survey was cryptocurrency broker Bitget, which also collected data on generations X, Z, and the so-called “baby boomers.”

The survey also indicates that 25% of Generation X (born between 1965 and 1980) in the most populous country invest in crypto assets. That number drops to 21% of Generation Z (those born between 1995 and 2010) and just 8% of Boomers (those born between 1945 and 1964).

Bitget said the new poll is 95% confident, plus or minus one percentage point.

Other interesting facts about adopting cryptocurrencies for investment

Still according to a Bitget poll, the majority of millennials, baby boomers and members of Generations X and Z consider “crypto regulation” when choosing politicians to vote.

Based on this data, the company issued a note to talk about the research. “At the beginning of the next decade, demographic processes could lead to a significant shift towards increased acceptance of cryptocurrencies, as a larger percentage of the younger generations continue to show strong demand for cryptocurrencies despite slowing population growth,” Bit notes.

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Another study on cryptocurrency acceptance, this time conducted by Charles Schwab, pointed out another interesting fact. According to this survey, more and more members of Generation Z and Millennials are betting on cryptocurrency to build retirement funds.

The data collected indicates that, on average, 45% of people born between 1980 and 2010 are already investing or considering investing in these assets for their future retirement. The survey took into account people from all over the world.

Among the reasons for choosing cryptocurrencies for this important purpose, the search for greater profitability and the expectation of future growth stand out.