Gen Z: The Crypto Kids Who Think They’re Rich (But Are Actually Just Broke)

by
  • Over half of Gen Z respondents own cryptocurrencies.
  • Gen Z sees crypto as a hedge against inflation.

So, you know how everyone’s always talking about Gen Z being the “future?” Well, apparently the future involves buying digital cat pictures and hoping they go up in value. A recent Gemini survey, which I’m pretty sure was conducted by a bunch of bored interns who just wanted to get out of the office early, found that over 50% of Gen Z respondents “own” cryptocurrency. To be fair, “owning” might be a strong word, considering a lot of these kids probably got their “assets” from a “friend” who promised to “make it rain” after they bought a bunch of NFTs. 🤑

I mean, let’s face it, Gen Z is pretty much the poster child for “I’m broke but I’m not *actually* broke” vibes. They’re the ones who are always complaining about avocado toast being too expensive, but then turn around and drop their entire life savings on a Bitcoin that’s probably going to crash harder than a toddler on a sugar high. 📉

Gen Z’s Crypto Optimism and Inflation Concerns

The survey also found that Gen Z is less concerned about regulation than older generations. I guess they figure if the whole crypto thing goes up in smoke, they can just blame the Millennials for ruining the economy. 😂 Of course, they also think crypto is a hedge against inflation, which is like saying a leaky roof is a good way to keep your house dry. 🤔

Look, I’m not saying Gen Z is wrong about crypto. Maybe it *will* all work out in the end and they’ll be rolling in digital riches. But until then, I’m sticking to good old-fashioned money. You know, the kind you can actually spend on things like avocado toast and therapy for the stress of living in the modern world. 🙏

Read More

2025-01-30 19:00