Gen Z Crypto Ownership Skyrockets, With Over Half Owning or Having Owned Cryptocurrency

More than half of Gen Z adults worldwide now own or have owned cryptocurrency, according to a new survey.

The findings come from Gemini's 2024 State of Crypto Report, which was conducted by Data Driven Consulting Group between May and July 2024. The survey polled 6,000 adults across the United States, United Kingdom, France, Singapore, and Turkey.

Among Gen Z respondents aged 18 to 29, 51% said they own or have previously owned cryptocurrency. This figure stands well above the 35% reported by the general population in the survey. In the U.S. alone, Gen Z ownership matched 51%, ahead of Millennials at 49% and Gen X at 29%.

One in three U.S. Gen Z respondents said they would feel comfortable putting at least 5% of their portfolio into crypto, compared to 21% of the broader population. Nearly half of Gen Z respondents globally, 48%, said they invest in crypto to generate income. The same share, 48%, said they were more likely to buy crypto because of access through exchange-traded funds.