Home » Generation Z Does not Plan to buy Cryptocurrency any time soon, a Business Insider Says

Generation Z Does not Plan to buy Cryptocurrency any time soon, a Business Insider Says


Business Insider published on July 5 shows that Generation Z has no plans to buy cryptocurrency.

In order to gauge generation Z‘s perception towards cryptocurrency, Cint — a SurveyMonkey Audience partner — took a survey on 1,884 U.S. residents who were aged between 13 to 21. The participants were asked if they intend to buy any cryptocurrency within the next 6 months, and surprisingly, more than a half (52%) replied: “not at all.”

Other answers included 15% “somewhat likely,” 6% “very likely,” 5% answered “extremely likely,” on the other hand 17% answered “not so likely,” while the remaining 4% gave different that was not specified on the questionnaire.

In January — just before the commencement of the recent bull market — is when survey results were released.

As per the Business Insider notes:

“The reinvigorated market could cause some of the teens in the survey to rethink their position, and it may spur the 26% who said they were somewhat likely, very likely, or extremely likely to purchase cryptocurrency to pull the trigger.”

Kaspersky Lab — a Moscow-based cybersecurity firm — on June 17 after carrying out a survey revealed that about 19% of the people in the world had bought some form of cryptocurrency.

In yet another survey done in early May, Fidelity Investments — a United States-based asset management firm — found out that about 22% of the institutional investors already possess a couple of digital assets.

Source: https://cointelegraph.com/news/survey-generation-z-does-not-plan-to-buy-cryptocurrency

About the author

James Lovett

James Lovett

James is a passionate writer on cryptocurrency industry and other disruptive technologies in the crypto world. He has written several crypto articles for numerous websites and blogs over the years.

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