Research by cryptocurrency exchange Bitget revealed that nearly half of millennials across the most populated nations, including the United States, Japan and Nigeria, own cryptocurrencies.

The six-month-long survey conducted between July 2022 and January 2023 featured nearly 225,000 adult respondents from 26 different countries, with approximately 10,000 respondents per nation. The study revealed that 46% of millennials owned cryptocurrencies, compared to 25% of Gen X, 21% of Gen Z and 8% of baby boomers.

Bitget also highlighted that 4% of baby boomers, 6% of Gen X, 27% of millennials and 36% of Gen Z respondents stated that they have considered cryptocurrency regulation as a pivotal factor when voting for political candidates.

As cryptocurrency popularity grows, the road to mass adoption remains to be bumpy with challenges and concerns. This is what Bitget staff had to say:

“[B]y the beginning of the next decade, demographic processes may lead to a dramatic shift towards increased acceptance of cryptocurrencies as a higher proportion of younger generations continue to exhibit strong demand for crypto, despite the slowdown in population growth.”

Sources:

https://cointelegraph.com/news/46-of-millennials-across-major-economies-own-crypto-bitget-research

https://www.prnewswire.com/news-releases/bitget-study-reveals-millennials-and-gen-z-tend-to-build-a-more-crypto-favorable-society-301810579.html

https://www.bitget.com/en/blog/articles/bitget-study-reveals-forty-six-percent-of-millennials-across-major-countries-own-cryptocurrencies