51% Of BTC Investors in Q3’22 Were Millennials

Cryptocurrency investment varies across generations, with millennials being the most active in investing in cryptocurrency compared to other generations. According to CryptoMonday.de, more millennials in the 3rd quarter of 2022 than any other generation (51%) plan to invest in Bitcoin.

Speaking on the data, Jonathan Merry, CEO of CryptoMonday, said,

Millennials are more comfortable with digital assets than any other generation, and they’re also less risk-averse. They’re willing to put their money into something that could potentially make them a lot of money, even though it’s volatile.

Jonathan Merry, CEO of CryptoMonday

Other generations are also investing in cryptocurrency. Gen X is the second-most active generation in BTC investment, with 25% of them saying they would invest in the 3rd quarter of 2022. 19% of Gen Z said they would also invest in BTC in the same quarter, while only 5% of baby boomers said they would do so.

Optimism and Excitement Are High, Yet There Is Uncertainty

There are many skeptics, even though most people are optimistic about cryptocurrencies. Some people fear cryptos due to their volatility. However, many individuals believe that digital assets are the way to go.

Baby boomers, for instance, invested the least in BTC and are less fascinated with cryptocurrency since they are a bit analog. They prefer to invest in something that’s tried and true, like gold or real estate.

Cryptocurrency Is Volatile, but It’s the Future

Despite the risks involved, many investors can not afford to shun cryptocurrency. This is because the potential rewards are too high to ignore.

Many countries are adopting CDBC to enjoy the digital asset frenzy. Besides, various products like BTC ETFs are in the works. So, the crypto world is only getting bigger and better.

Institutional investors are also flooding the space. Both hedge funds and investment firms want to get a piece of the pie. The increased demand is bound to drive up prices.

Jonathan Merry sums it up by saying,

Many crypto investors are in it for the long haul because they believe in the underlying technology. They believe that crypto is the future of currency.

CryptoMonday CEO, Jonathan Merry