Younger Americans Embrace Crypto, Says Coinbase Study
A recent study by Coinbase has found that younger Americans are more likely to embrace crypto and blockchain technology than older generations.
The study found that 38% of younger Americans believe that crypto and blockchain can provide significant economic opportunities not commonly found in the traditional finance sector, compared to just 26% of older Americans.
Scribd Downloader for freeYounger Generations Attraction to Digital Assets
The study also found that younger Americans are more likely to be frustrated with the current financial system. Only 9% of Gen Z (18-25) and 19% of Millennials (26-40) believe in the attainability of the American Dream through conventional means. Only 7% of these demographics believe the current financial system serves their needs well.
The study's authors suggest that the gravitation towards cryptocurrencies among younger Americans is based on more than just disillusionment with the traditional system. There is also a proactive push from young people to seek out new economic opportunities that align with their lifestyles and financial needs.
The study also found that younger Americans are more likely to own cryptocurrency than older generations. About 31% of younger individuals own cryptocurrency compared to 12% of older generations.
Scribd Downloader for freeThe study also found that younger Americans are more likely to support crypto-friendly candidates in future elections. About 51% of younger Americans said they would support crypto-friendly candidates in the upcoming 2024 elections.
Younger Generations to Impact Future Elections
The Coinbase study suggests that younger Americans are more likely to embrace crypto and blockchain technology than older generations. This is likely due to a number of factors, including frustration with the current financial system and a desire for new economic opportunities. The study also found that younger Americans are more likely to support crypto-friendly candidates in future elections.
