It’s believed Gen Z will make a huge difference in how bitcoin works and operates in the coming years. Gen Z Are the Real Crypto Hounds This makes sense given the digital currency industry has been taken to largely by young people. Most of the time, it’s standard financial tools – such as stocks and precious metals – that are enjoyed by older generations, though it’s Gen Z and millennials that largely grew up during the days of the Great Recession. They likely saw their parents lose their jobs, their homes, their retirements, etc., and they have grown to become very non-trusting of standard banks and institutions. Thus, they have turned their attention to bitcoin and the digital currency arena, and they see it as more democratic than anything that has emerged
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It’s believed Gen Z will make a huge difference in how bitcoin works and operates in the coming years.
Gen Z Are the Real Crypto Hounds
This makes sense given the digital currency industry has been taken to largely by young people. Most of the time, it’s standard financial tools – such as stocks and precious metals – that are enjoyed by older generations, though it’s Gen Z and millennials that largely grew up during the days of the Great Recession. They likely saw their parents lose their jobs, their homes, their retirements, etc., and they have grown to become very non-trusting of standard banks and institutions.
Thus, they have turned their attention to bitcoin and the digital currency arena, and they see it as more democratic than anything that has emerged over the past several years (or even centuries). Per a new report by Bloomberg, the youngest adult generation presently has more than $360 billion in disposable wealth and income to its name, and they are allegedly investing in BTC and in related assets given that these arguably stand most in line with their values.
Autumn Domingo is the co-founder of a company called Generation Bitcoin. The idea is that Gen Z is “very supportive of one another,” and the firm gives them the chance to learn all they can about the world’s number one digital currency and use it to keep each other stable and connected. She explained in an interview:
We are very inclusive and have a respect and a mindset that everyone is truly equal. I think that is a huge part of bitcoin’s principles… Bitcoin is about freedom. It’s about taking your future and your life into your own hands. That is something Gen Z respects and will want.
Ella Hough – a project manager with the company – also threw her two cents into the mix, saying:
Bitcoin is inclusive of every human on the planet.
The Financial Industry Regulatory Authority stated not too long ago that close to one-fifth (about 19 percent) of Gen Z members are heavily invested in crypto or non-fungible tokens (NFTs). Domingo commented on this and said:
Bitcoin is exciting for teens because it’s new. Just like Gen Z uses Instagram now and isn’t excited about Facebook anymore, cryptocurrencies are like Instagram. Stocks, bonds, and other investments are like Facebook to us.
Hough then went on to say that young people still have a lot to learn when it comes to crypto:
Gen Z often thinks you [need] to buy the whole coin. It would be nice, if this doesn’t already exist, for exchanges to perhaps list bitcoin in sats.
Making Some Fast Money
Ishaana Misra – a Gen Z Bitcoin Core developer – said:
Typically, Gen Z has been very interested in fast ways of making money.