The post The Gen Z is the most likely to use crypto instead of cash: survey appeared on BitcoinEthereumNews.com.

Gen Z remains the most likely to use crypto instead of cash, with 34% (the highest figure among all age groups). This is according to the survey by Empower, conducted in July 2024 on 1,009 American adults.  Gen Z stands out for crypto adoption compared even to the “cash king” Gen Z stands out as the age group that most prefers to use crypto. This is stated in the report by Empower, which conducted its survey in July 2024 on 1,009 American adults. In general, the report highlights how despite the spread of digital wallets and contactless payments, 52% of Americans state that “cash is king.” But among the various generations, different trends have emerged.  In fact, it seems that Generation Z, in particular, stands out for the adoption of cryptocurrencies, with 34% using them (the highest figure among all age groups). Not only that, another significant fact is that 41% of Gen Z uses digital payment platforms more often than the “re cash”. A figure significantly higher compared to other age groups for which 27% was calculated in general.  In any case, returning to the general perception of cash, half of Americans (49%) also feel safer holding cash compared to other investments.  The main reasons behind the choice to hold onto cash are market uncertainty and the threat of a recession. Here, all generations agree with the following percentages: 44% of Gen X, 42% of Millennials, and 39% of both Gen Z and Baby Boomers. 55% of Gen Z in the USA already invest in crypto  Last year, the FINRA Investor Education Foundation (Fondazione FINRA) had examined directly the Gen Z investor in the USA, meaning those who are in an age range between 18 and 25 years. From what has emerged, it seems that 55% of Gen Z…

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Filed under: News - @ December 1, 2024 8:29 am