Are 94% of crypto buyers 18 40 years old? (2024)

Are 94% of crypto buyers 18 40 years old?

Within the last decade, cryptocurrency or “crypto” has become an increasingly popular form of investment. It's a type of digital currency secured through cryptography and computer networks. Crypto has especially become prevalent among Gen Z and Millennials, with 94% of crypto buyers being 18-40 years old.

What generation owns most crypto?

Millennials are the generation most likely to invest in crypto, and it's not a close race. Here's the percentage of each generation that said they own cryptocurrency: Gen Z: 22% Millennials: 43%

Who are the biggest investors in cryptocurrency?

Changpeng Zhao (CZ) – $15 Billion Net Worth

The first position in our list of the richest crypto investors goes to Changpeng Zhao. Commonly known as CZ, Changpeng Zhao is a Chinese-Canadian entrepreneur and the founder and CEO of Binance, the world's largest cryptocurrency exchange in terms of trading volume.

What kind of people own crypto?

Men and younger respondents are more likely to buy crypto than women and older respondents. Male respondents, particularly Gen Z and millennials, are much more likely than women to own cryptocurrency and be interested in investing in it in the future.

What is the age range for Gen Z?

What is the age group for crypto?

Age group. Maximum number of crypto investors (40.19 percent) fall in the age group of 26-35. This is followed by the young investors (in the age bracket of 18-25) who comprise 34.27 percent of total investors.

What percent of Gen Z owns crypto?

Despite their young age, a surprisingly large percentage of Gen Zs in the United States invest, with cryptocurrency as their top choice: Close to six in 10 (56 percent) report owning at least some investments. They primarily invest in cryptocurrency (55 percent) and individual stocks (41 percent).

Which crypto do billionaires buy?

Bitcoin accounts for more than half of crypto-millionaires fortunes while 72 of the centi-millionaires and six of the crypto-billionaires made their fortunes from trading Bitcoin. However, these fortunes may be at risk, leading to these super-wealthy individuals seeking assistance to protect their digital currencies.

How many people own 1 Bitcoin?

However, some estimates can be made based on blockchain data and surveys of Bitcoin holders. According to data from Bitinfocharts, as of March 2023, there are approximately 827,000 addresses that hold 1 bitcoin or more, representing around 4.5% of all addresses on the Bitcoin network.

Who is the king of crypto trading?

'Crypto King' Sam Bankman-Fried sentenced to 25 years for multi-billion dollar FTX fraud.

What percent of Americans hold crypto?

Key Findings

Cryptocurrency awareness and ownership rates have increased to record levels: 40% of American adults now own crypto, up from 30% in 2023. This could be as many as 93 million people. Among current crypto owners, around 63% hope to obtain more cryptocurrency over the next year.

How much crypto does the average person have?

Failed exchange FTX has kept crypto in the news, but only 28% of Americans have held some form of crypto. After removing the top and bottom 1% of survey respondents, the average amount invested in crypto is $7,738, with a median of $500.

Do billionaires use crypto?

According to the report, six—or almost one in three—of the world's crypto billionaires reached that status by holding Bitcoin. That means just 0.000003% of those who hold Bitcoin have Bitcoin assets worth more than $1 billion.

What are 2013 babies called?

Meet the mini millennials: Generation Alpha, the generation of children born between 2011 and 2025.

When did Millennials end?

Millennials were born between 1981 and 1996 – the name refers to the fact many came of age around the year 2000. Although there is a crossover with the Gen Z group, the two are not the same. This was a group that has witnessed social values change, with many suggesting that lives have become easier.

Is a 30 year old a Gen Z?

Members of the Gen Z years were born between 1997 and 2012. So as of 2023, the Gen Z age range is anywhere from 11 to 26. They are commonly referred to as the first fully “digitally native” generation. They grew up with social media and smartphones—they're used to living in a digital-first world.

Who is the target audience for cryptocurrency?

Demographics and Psychographics of the Crypto Audience

The demographic landscape of the crypto audience is broad and varied. While initially dominated by tech-savvy individuals and early adopters, the crypto market now attracts a wider audience, including millennials and Gen Z.

What is the demographic of crypto users?

The most common age group is between 25 and 35 which accounts for 37% (57), then the age group between 35 and 45 accounts for 27.3% (42), age group of 18–25 accounts for 20.1% (32). Regarding the education level, 83.8% (129) of the group 1 responded that they have at least a university degree.

What is the demographic of crypto investors?

About 70 percent of cryptocurrency owners are men, but they represent only 48 percent of the general population, according to a report by Morning Consult. Women comprise 30 percent of crypto owners but 52 percent of the general population.

Is 94 a millennial?

Psychologist Jean Twenge defines millennials as those born from 1980 to 1994. Likewise, Australia's McCrindle Research uses the years 1980 to 1994 as Generation Y (millennial) birth years. A 2023 report by the Population Reference Bureau defines Millennials as those born from 1981 to 1999.

How many people actually get rich from crypto?

In the global super-rich league, there are now 182 crypto centi-millionaires (namely, high-net-worth individuals (HNWIs) with crypto holdings of USD 100 million or more), 78 of whom are Bitcoiners, while six of the world's 22 crypto billionaires have amassed their fortunes from trading Bitcoin.

How many millionaires have come from crypto?

Key Takeaways. There are 88,200 crypto millionaires worldwide. 40,500 of these millionaires have amassed their fortune in Bitcoin (BTC).

Which crypto billionaire lost everything?

Zhao was followed by FTX founder and CEO Sam Bankman-Fried, who lost a reported 23 billion dollars in only three weeks prior to his arrest over conspiracy and fraud charges in late 2022. Despite his losses, Zhao was still the wealthiest individual in the crypto world as of December 2022.

Who owns most Bitcoin?

Satoshi Nakamoto, the pseudonymous creator of Bitcoin, is believed to own the most bitcoins, with estimates suggesting over 1 million BTC mined in the early days of the network.

Did people get rich off of crypto?

Some early adopters of bitcoin who invested in the early days of the cryptocurrency saw significant returns and became wealthy relatively quickly. For example, those who purchased bitcoin for a few dollars in the early 2010s and held onto it saw massive gains as the price of bitcoin skyrocketed in the following years.