Cryptocurrency as seen by different generations

There’s a generational factor in our relationships with cryptocurrencies. Recent studies focusing on the US have started to shine a light on certain trends in terms of how much different generations invest, as well as their motivations and other aspects that provide an insight into the ages of “crypto-investors”.

The most notable piece of data is that 94% crypto buyers are millennials and centennials; that is, people aged between 18 and 40. However, these aren’t the buyers that spend the most. 

That position is occupied by generaciĆ³n X, presumably due to higher income and professional status. They spend an average of $9,611 on crypto assets compared to the average $8,596 spent by millennials and $6,120 spent by generation Z.

The study defined generaciĆ³n Z as those aged between 18 and 24 in 2022. The millennials comprised those aged between 25 and 40, while generation X were aged 41 to 56 this year. Considered independently, the millennials form by far the most active generation on the cryptocurrency market, representing more than 75 per cent of all buyers.

Thinking about the future

Beyond buying for today, the consultancy Go Banking Rates has revealed that 1 in 5 US residents is including cryptocurrency in their retirement plans.

The generational factor also plays a role here because it’s the younger generations that are showing more interest in a “crypto-retirement”. According to the study, 28% of those aged 18 to 24 are including crypto in their retirement portfolios. For those aged 25 to 34, that number rises to 29% – almost 3 in 10.

Perhaps predictably, the study shows that older generations are less likely to have invested in cryptocurrency for their retirements. The percentage falls to 23% for 35 to 44 year olds and just 20 per cent for those aged over 45.


Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of TheCryptoArea. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.