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- 1 Gen Z is viewing Bitcoin as a fascinating investment instead of the traditional investment options.
- 2 Bitcoin is attracting the new generation of Gen Z and it is spurring their curiosity.
The first and the most popular cryptocurrency has been making a buzz among Gen Z, the generation born between the mid-1990s and the early 2010s, who are digital natives and have grown up with the internet and social media.
Bitcoin as the Investment Option
As Bitcoin and other cryptocurrencies are making buzz on social media, the new generation “Gen Z ” is attracted to Bitcoin and other cryptocurrencies and are considering it as an investment option.
They take BTC as an investment option rather than a medium of exchange or a store of value. In countries like the US and China, bitcoin is the most talked-about topic among Gen Zers as compared to other cryptocurrencies.
Gen Zers are more aggressive in their investment strategies. In the US, Gen Zers are more open to the idea of investing in Bitcoin, but they also think that savvy investors would not allocate a large percentage of their portfolios to Bitcoin. They understand bitcoin as a “high-risk, high-reward” asset that could potentially generate huge returns, but also expose them to significant losses.
In China, Gen Zers are more careful and suspicious about Bitcoin investing. They relate BTC with gambling, cheating, and other crimes, and think that it does not have guaranteed value as the Chinese government has made it clear that Bitcoin is not backed by the state.
Cryptocurrencies Attracting Joint Finra-CFA Institute Report
As per the joint Finra-CFA Institute report, fifty-five percent of joint Finra-CFA Institute reports currently invest in cryptocurrencies and the report is based on an online survey of people in the U.S. aged 18-25.
Moreover, the stocks were chosen as a second option and mutual funds, while non-fungible tokens and exchange-traded funds are third.
Gen Zers take high risks as compared to the other generations and focus on cryptocurrencies like Bitcoin, Ethereum, and individual stocks.
Most Gen Z investors began investing before reaching adulthood. Moreover, Gen Z investors say they began investing because of a “fear of missing out,”.
Bitcoin’s Future Prospects
GEN Z believes that the BTC has some benefits and good future possibilities such as its decentralized nature, its wide reach, and its innovation. However, they also understand its volatile nature and the risk behind it.
Gen Zers are more optimistic and curious about BTC and believe that as more institutes and individuals adopt it, it will then become more mainstream and widely accepted. Furthermore, they also think BTC will grow and become more secure as the technology develops. They are interested in learning about and exploring Bitcoin.
Conclusion
Gen Zers have diverse views on Bitcoin depending on their place, culture, financials, and personal preferences. Mostly, Gen Zers take Bitcoin as an investment option and have mixed and uncertain opinions about it. They take it as an intriguing phenomenon that deserves more attention and exploration. Moreover, they consider it a complex and evolving phenomenon that requires more exploration. However, Gen Z is adopting the new digital currency compared to other generations and exploring its future possibilities.
FAQs
What is Gen Z?
Gen Z is the demographic cohort succeeding Millennials, which includes those born from the mid-1990s to the early 2010s. Gen Z is also known as Zoomers, iGen, or Plurals.
Why is Gen Z interested in Bitcoin?
Gen Z is interested in Bitcoin because it is a digital and innovative technology that offers a new way of investing and transacting.
How can Gen Z learn more about Bitcoin?
Gen Z can learn more about Bitcoin by reading blogs, articles, books,
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
