Generation Z Doesn’t Plan To Buy Cryptocurrency: Survey

A new survey is in the latest cryptocurrency news, showing that Generation Z does not have plans to buy cryptocurrency. The results of the survey were published on the news site Business Insider which was the same source that conducted it on July 5.

As per the report, a SurveyMonkey Audience partner named Cint surveyed more than 1,884 residents in the United States aged between 13 and 21, all in order to learn the opinions that Generation Z has towards crypto. The coming altcoin news show that the survey participants were asked different questions.

One of the main questions was how likely they were to purchase cryptocurrency in the next six months. Around 52% of the Generation Z participants answered “not at all” which has raised a lot of eyebrows in the crypto community.

Furthermore, only 5% of the respondents answered “extremely likely” and only 6% said “very likely” while 15% were “somewhat likely” of buying crypto. 17% of the Generation Z respondents were “not so likely” while 4% gave different and unspecified answers.

Despite the fact that the results of the survey have just been released, it was initially conducted in January before the start of the bull market. This is why Business Insider noted:

“The reinvigorated market could cause some of the teens in the survey to rethink their position, and it may spur the 26% who said they were somewhat likely, very likely, or extremely likely to purchase cryptocurrency to pull the trigger.”

As we recently reported, a new survey by the Moscow based cybersecurity firm Kaspersky Lab on June 17 found that 19% of people globally have purchased cryptocurrency in some sort. That is less than a fifth of the total population, which is impressive and was worth featuring on many best cryptocurrency news sites.

At the beginning of May, the US based management firm Fidelity Investments also released the results of a survey which showed that 22% of institutional investors already own digital assets. However, no surveys have been carried out towards the Generation Z participants and this one  seems to be among the first one.

Meanwhile, the cryptocurrency market cap is stable and recovering from the correction that occurred throughout the weekend. Most of the top 20 coins are in the green with Bitcoin leading the way.
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