Gemini’s State of Crypto Report

Gemini’s State of Crypto report highlights that Gen Z adults (ages 18-29) are the most engaged and optimistic generation regarding digital assets.

The report, conducted by Data Driven Consulting Group between May and July 2024, surveyed 6,000 adults from the U.S., UK, France, Singapore, and Turkey, including crypto owners and non-owners.

Key Findings

• Ownership Rates: Globally, over 51% of Gen Z respondents own or have owned cryptocurrency, compared to 35% of the general population.
• In the U.S., 51% of Gen Z own or have owned crypto, slightly surpassing Millennials (49%) and far exceeding Gen X (29%).
• Other countries also show strong Gen Z engagement: 53% in the UK, 50% in Singapore, and 47% in France own crypto, compared to lower figures in the general populations of those countries.

Investment Perspectives

• Gen Z shows a deeper integration of digital assets into their investment strategies, with 33% willing to allocate at least 5% of their portfolio to crypto, compared to 21% of the overall U.S. population.

Optimism About Regulation

• On the topic of government regulation, 31% of Gen Z strongly agree on the need for increased regulation, while 46% of the general population does. This indicates a more optimistic view of regulatory efforts by Gen Z.
• As they will influence future regulations, this outlook is a positive sign for the crypto industry.

Concerns About Inflation

• Gen Z is significantly concerned about inflation and is using cryptocurrency as a hedge. In the UK, 42% of Gen Z crypto owners utilize crypto for this purpose, compared to 32% of all crypto owners there.