Cryptocurrency investing is more appealing to Gen Z than traditional banking. Recent findings from a Financial Industry Regulatory Authority survey show that 55% of 12-27-year-olds would prefer investing in cryptocurrencies over relying on traditional banks to turn an investment on their savings. Many young people view current banking solutions as complicated and lacking in transparency, motivating them to seek out alternative choices they feel more control over. For instance, exchanges like Coinbase have highlighted that young investors often see conventional banking as expensive and slow. And this trend might trickle up to seasoned investors, who have typically been skeptical towards cryptocurrencies, which could lead to a more interesting behavior. (Live Bitcoin News)
📊 YPulse data: 13% of 18-24-year-olds buy / sell cryptocurrency
