The 2024 state of crypto report by Gemini examines the factors driving crypto adoption for the youngest generation of investors.
Gemini: Over 50% of Gen Z Own Crypto, Driving Adoption Trends
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Gen Z Are Driving Crypto Adoption
A recent survey by Gemini reveals that Gen Z is leading global crypto adoption. Over 51% of respondents aged 18-29 report having owned or currently own cryptocurrency. This rate is significantly higher than the 35% ownership rate of the general population, highlighting the younger generation’s deep integration with digital assets.
The 2024 State of Crypto Report surveyed 6,000 adults across the U.S., U.K., France, Singapore, and Turkey. The findings indicate that Gen Z is the most engaged and optimistic about crypto’s future, with 33% of U.S. Gen Z respondents comfortable allocating at least 5% of their portfolios to crypto investments.
Despite ongoing regulatory debates, Gen Z appears more optimistic about the crypto industry’s self-regulation, with only 31% strongly agreeing on the need for increased government oversight, compared to 46% of the general population.
48% of Gen Z respondents view crypto as a primary income-generating investment, compared to 41% of the general population. In the U.K., 42% of Gen Z crypto owners use digital assets as a hedge against inflation, significantly higher than the 32% U.K. wide average.
With the rise of spot bitcoin ETFs, 48% of Gen Z respondents said they were more likely to invest in crypto through ETFs, far surpassing the 37% of all age groups. Gen Z’s deep engagement with cryptocurrency signals a strong shift toward digital finance, influencing regulatory policies, investment trends, and mainstream adoption.
