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The favorite coin of every generation
- Every generation has the investment quirks that have defined them in the past few years.
- With the popularity of cryptocurrency, millennials take the lead, Followed by Generation Z.
- Generation Z More likely to invest Same corner with NFT Than any other demographic.
- Baby boomers They are the least likely to invest in cryptocurrencies, but their views seem to be gradually changing.
Every generation is defined by their different, personal behavioral trends, and investment choices clearly show the demographic dichotomy. Baby boomers have always preferred traditional investment options, while young millennials and Gen Z are increasingly inclined to the emerging industry of cryptocurrency.
It has proven to be the most popular among Gen Z memecoins, and millennials are riding the wind and waves, leading everyone in Bitcoin purchases.
Gen Z cannot get enough Memecoins
As Gen Z grew older, sociologists became interested in the investment quirks that drive population growth. A recent study conducted by Gambler’s Pick showed that generation Z is more likely to invest in memecoins, such as Dogecoin and Shiba Inu, than any other population.
The survey had 872 respondents and showed that Gen Z is also more likely than any other generation to invest in digital collectibles and NFTs.
Gen Z’s method of obtaining investment information is similar to other demographic data. According to the survey, compared with technical and fundamental analysis, ordinary Gen Z investors are more willing to obtain investment information from social media platforms such as Twitter and Reddit.
The ideology behind the affinity for memecoins and NFTs stems from a deep distrust of traditional investment institutions because they think they are manipulative. For clarity, Gen Z investors are made up of individuals between the ages of 18-24.
Millennials and Bitcoin
Millennials love Bitcoin, and their investment choices illustrate this sentiment. This preference makes millennials the age group most accepting Bitcoin.
A recent survey involving 700 participants revealed that 67% of millennials would rather own Bitcoin than gold.
Millennials account for 76.45% of the global cryptocurrency user base, accounting for the majority. Their affinity for Bitcoin comes from the similarities between Bitcoin and traditional investments in NFT and memecoin.
Millennials spend an average of US$8,596 on cryptocurrency investments, and this group is made up of a large number of cryptocurrency billionaires.
on the other hand
- This Volatile nature As millennials increasingly merge them with retirement funds, the number of cryptocurrencies is a worrying trend.
- Global cryptocurrency market value has fallen from high US$2 trillion Fell to just over US$1 trillion.
Baby boomers
Baby boomers are the least representative group of cryptocurrencies, and a large part of them prefer traditional investment methods, such as stocks rather than cryptocurrencies.
Baby boomer CEOs and business leaders have expressed their dislike of cryptocurrency, and JPMorgan Chase’s CEO Jamie Dimon criticized Bitcoin and its users. US Treasury Secretary Janet Yellen also did not hide her contempt for Bitcoin and other cryptocurrencies.
These positions seem to represent the views of most baby boomers, as they only account for 1.22% of the number of cryptocurrency users. In this meager amount, the dominant cryptocurrency seems to be Bitcoin, and the contempt for memecoins and NFTs is still on the rise.
Baby boomers usually refer to people over 54 years of age, and their spending is often much lower than other age groups, with an average spending of US$4,567.
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