- Gen Z is four times more likely to own crypto than a retirement account.
- Almost a third of Gen Z invests in crypto instead of traditional stocks.
- Roughly 11% of Gen Z have a retirement account, but at least half own crypto.
Generation Z—those born between 1997 and 2012—is quickly emerging as one of the most crypto-savvy demographics, with a growing number turning to Bitcoin (BTC) and other digital assets as part of their long-term financial strategy.
But rather than pouring their crypto into traditional retirement or pension plans, many Gen Z investors seem more inclined to simply HODL—keeping their coins close rather than locking them away.
Gen Z on Crypto
A joint survey between CryptoNinjas and Storible has found that almost half (48%) of Americans have included cryptocurrencies in their retirement savings, and 60% of respondents said they planned to increase these crypto allocations.
Perhaps the most interesting finding was that 58% of Gen Z respondents said they had already allocated retirement funds to crypto. According to the survey, this figure stands at 49% for Millennials and 41% for Gen X.
In addition, two-thirds of Gen Z (67%) intend to increase these allocations, and 76% expressed interest in Fidelity’s crypto investment retirement account (IRA).
However, these findings should be taken with a pinch of salt as the report surveyed just 1,156 Americans.
The Bigger Picture
Indeed, while Gen Z may be more interested in and engaged with digital assets as a long-term investment, they are still four times more likely to own crypto than a retirement account.
In fact, other studies have revealed that just less than half of America’s Gen Z investors own crypto, and just 11% have a retirement account (e.g., a 401(k) or IRA). Comparatively, around 36% of U.S. Millennials own crypto, and roughly 34% have retirement accounts.
Naturally, cryptocurrencies are becoming increasingly important financial instruments and assets, especially as the U.S. continues to push forward with a renewed pro-crypto agenda.
In the years to come, these results may shift dramatically as crypto and stablecoins are increasingly accepted by all tiers of modern society and age brackets.
