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Favorite coins of each generation
- Each generation has the investment curiosities they have defined in previous years.
- As cryptocurrencies progress in adoption, millennials head of office, followed closely Z gen.
- Gen Zers they have a greater tendency to invest equal corners and NFTs than any other demographic.
- Boomers they are the ones with the least demographics to invest in cryptocurrencies, but it seems that opinions are gradually changing.
Each generation is defined by different trends in its behavior, and investment opportunities clearly show a dichotomy in demographics. Boomers have always preferred traditional investment opportunities, while young millennials and Gen Zers are moving to the cooler cryptocurrency industry.
Gen Z has proven to be a favorite among memecoins, while millennials roam the wave, targeting all demographics in Bitcoin shopping.
Gen Z can’t get enough Memecoins
As Gen Z ages, sociologists have taken an interest in the bizarre investments that drive demographics. Recent research by Gambler’s Pick revealed that Gen Z was investing much more in memecoins, like Dogecoin and Shiba Inu, than any other demographic.
The survey surveyed 872 people and revealed that Gen Z invests in other digital collections and NFTs than other generations.
Gen Zk’s method of obtaining his investment information is different from other demographics. According to the survey, the average Gen Z investor would prefer to invest information from social media platforms, such as Twitter and Reddit, over technical and basic analysis.
The ideology behind the affinity for memecons and NFTs stems from a deep sense of distrust of traditional investment institutions, which they perceive to be manipulative. For clarity, the Gen Z investor is made up of people between the ages of 18-24.
Millennials and Bitcoin
Millennials love Bitcoin and this sentiment sheds light on their investment opportunities. The preference has put millennials as the demographic age that has embraced Bitcoin the most.
A recent survey of 700 participants found that 67% of millennials prefer bitcoins to gold.
Millennials make up 76.45% of the total cryptocurrency user base, making up the majority. Their affinity for Bitcoin stems from the similarity that Bitcoin has with traditional investments in NFT and memecoins.
The average spending of millennials on cryptocurrency investments is $ 8,596, made up of a large number of multimillion-dollar cryptocurrencies.
On the flipside side
- The volatile nature the trend in cryptocurrencies is worrisome as millennials increasingly align themselves with their retirement funds.
- The globalization of the global crypto market fell from an excessive price $ 2 trillion up to at least $ 1 trillion.
Boomers
Boomers are the least represented demographics in cryptocurrencies, with a large percentage preferring traditional investment methods such as stocks over cryptocurrencies.
The reluctance of cryptocurrencies has been expressed by boomer CEOs and business leaders, with JP Morgan CEO Jamie Dimon supporting Bitcoin and its users. U.S. Treasury Secretary Janet Yellen has also made no secret of her contempt for bitcoin and other cryptocurrencies.
These attitudes seem to represent the opinions of the majority of the boomer class, accounting for only 1.22% of the number of cryptographic users. The predominant cryptocurrency among this meager sum seems to be Bitcoin, which remains a contempt for meme coins and NFTs.
Boomers generally refer to individuals over the age of 54 who spend much less than other age groups, spending an average of $ 4,567.
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