Bitget study shows that 46% of millennials in the world’s largest economies own crypto – A recent survey reveals that 46 percent of millennials in big population countries like the United States, China, Japan, Germany, Indonesia, and Nigeria possess cryptocurrency.
The survey had roughly 255,000 adult respondents from 26 nations, with approximately 10,000 respondents from each country. It was performed between July 2022 and January 2023 and published on April 28 by the cryptocurrency exchange Bitget.
The poll found that 46% of respondents who were millennials owned cryptocurrencies, compared with 25% of respondents from Generation X, 21% of respondents from Generation Z, and 8% of baby boomer respondents. The margin of error for the study is less than 0.1%, and the confidence interval for it is 95%.
In addition, 4% of baby boomers, 6% of Gen X respondents, 27% of millennial respondents, and 36% of Gen Z respondents said that they believed cryptocurrency regulation to be a significant factor when voting for political candidates.
According to Bitget, “By the beginning of the next decade, demographic processes may lead to a dramatic shift towards increased acceptance of cryptocurrencies as a higher proportion of younger generations continue to exhibit strong demand for crypto, despite the slowdown in population growth.”
According to the findings of other studies, members of Generation Z and millennials have the highest acceptance rates for cryptocurrencies when compared to all other population groups.
A survey conducted by Charles Schwab in October 2022 found that almost half of members of Generation Z and millennials want cryptocurrency to be included in their retirement savings. Additionally, the study discovered that 43% of members of Gen Z and 47% of millennials have already invested in cryptocurrencies outside of their 401(k) pension plans.The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Financial Watch. Every investment and trading move involves risk. You should conduct your own research when making a decision.
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