Key Takeaways
- 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.
Eddie is a gaming and crypto writer at CCN. Covering the often weird and wonderful world of Web3 with an adoring, but skeptical eye.
Prior to CCN, Eddie has spent the past seven years working his way through the crypto, finance, and technology industry. He began with PR and journalism with Bitcoin PR Buzz and BitcoinNews.com, eventually working his way to become a copywriter with a dozen firms, including the likes of Polkadot before returning to journalism in 2023.
Having studied Radio production and journalism at University in the UK, Eddie spent a few years making podcasts and presenting on a local London radio station as he built up his writing chops.
A lifelong skateboarder, Eddie can often be found at the skatepark or touring the streets looking for something new to try. That, or kicking back playing JRPGs on his original PSP.
