Gen Z Ownership Rates Skyrocket, Surpassing General Population
More than half of Gen Z adults worldwide now own or have owned cryptocurrency, according to Gemini's 2024 State of Crypto Report. The survey polled 6,000 adults across five countries: the United States, United Kingdom, France, Singapore, and Turkey. Among respondents aged 18-29, 51% said they own or have previously owned cryptocurrency.
Gen Z ownership rates significantly surpass those of other age groups, with 35% reported by the general population. In the U.S., 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.
The survey also found that 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 (ETFs), compared to 37% across all age groups.
Gen Z showed a different attitude toward oversight, with only 31% strongly agreeing that the industry needs more government regulation, compared to 46% of the general population. In the U.K., 42% of Gen Z crypto owners said they use digital assets as an inflation hedge, versus 32% of all U.K. holders.