Study: Cryptocurrencies are more popular than stocks among zoomers
Date: 2024-04-15 Author: Henry Casey Categories: CRYPTO PAYMENTS
A new study conducted by Policygenius analysts and published by The Block shows a change in the financial preferences of Generation Z in the United States. Unlike previous generations, zoomers prefer cryptocurrencies to stocks, reflecting a shift in investment approaches among young people.
Main results of the study: cryptocurrencies vs stocks
The study found that 20% of zoomers own cryptocurrencies, while only 18% of them invested in stocks. This contrasts with the investment habits of older generations such as baby boomers, where one in three are stock owners and just 5% are cryptocurrency owners.
Methodology and data reliability
The survey was conducted among 4,063 Americans aged 18 years and older. The statistical error of the study was 2%. This suggests that the results fairly accurately reflect current market trends.
Interpretation of results
Policygenius analysts attribute the popularity of cryptocurrencies among young people to their willingness to take big risks and the relative instability of the economic environment in which modern young people have to grow up. This is especially true for challenges such as the lack of affordable housing, which can encourage young people to look for alternative ways to increase capital.
Comparison with other generations
The study also notes that home ownership among Zoomers is only 13%, while among Millennials the figure reaches 24% and among Baby Boomers it is 45%. This highlights how economic and social conditions influence investment choices.
General context and look to the future
A separate study from Deutsche Bank confirms growing optimism in the US about the future of cryptocurrencies and their widespread acceptance. At the same time, former BitMEX CEO Arthur Hayes predicts an increase in the popularity of meme coins, which also correlates with the “gaming mentality” of young people. These findings highlight the growing influence of cryptocurrencies in finance and possible changes in the way future generations save and manage wealth.
