Cryptocurrencies Surpass Stocks in Popularity Among Gen Z, Study Finds

Approximately 18% of Generation Z (Zoomers) in the United States own stocks, while 20% hold cryptocurrencies. These findings were reported by researchers at Policygenius, according to The Block.

Analysts attributed these results to a different approach to financial planning compared to older generations. For instance, among baby boomers, one in three owns stocks, while only one in twenty holds digital assets.

The survey included 4,063 Americans aged 18 and older, with an average margin of error of 2%, according to the document.

“Young investors manage their savings differently than baby boomers and Generation X. This includes a focus on cryptocurrencies, which may indicate a greater willingness to take risks with their money. The findings may also reflect challenges they face, such as the growing housing shortage,” specialists commented.

The study revealed that only 13% of Zoomers own real estate. In comparison, this figure is 24% among millennials and 45% among baby boomers.

Earlier, a survey by Deutsche Bank indicated increased optimism in the US regarding cryptocurrency and its future adoption.

Previously, former BitMEX CEO Arthur Hayes predicted further growth in the popularity of meme coins due to the “gaming mentality” inherent in Generation Z and millennials.