Gen Z is driving the adoption of cryptocurrencies globally

A survey conducted by Gemini revealed that more than 51% of young people aged 18 to 29 own or have owned cryptocurrencies, compared to 35% of the general population, reflecting Generation Z’s deep involvement in digital assets.

The report surveyed interest in cryptocurrencies in 2024 and surveyed 6,000 people from the US, UK, France, Singapore and Turkey, with the results showing that Generation Z is the most optimistic about the future of cryptocurrencies.

33% of respondents in the US said they are comfortable allocating at least 5% of their portfolio to crypto investments.

Despite ongoing regulatory debates, Generation Z showed greater confidence in the industry’s self-regulation, with only 31% of them agreeing on the need for increased government oversight, compared to 46% of the general population.

48% of Generation Z respondents also considered cryptocurrencies a primary income-generating investment, compared to 41% across all age groups.

In the UK, 42% of Gen Z use digital assets as a hedge against inflation, higher than the overall average of 32%. With the rise of Bitcoin spot ETFs, 48% of Gen Z are willing to invest in cryptocurrencies through them, beating the 37% across all age groups.

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