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New Business Insider Survey Reveals Gen Z Not Interested in Buying Cryptocurrency

A new survey conducted by Business Insider (BI) revealed that members of Generation Z are not interested in purchasing cryptocurrency.

Cint, a SurveyMonkey Audience associate, surveyed 1,884 residents of the United States, with ages ranging from 13 to 21. The participants were questioned about the possibility they would buy cryptocurrency in the next few months. 

52% Not Interested

The results showed that more than 52% of the respondents said “not at all.” However, five percent said they were “extremely likely” to buy crypto while six percent said “very likely.” Meanwhile, 15% were “somewhat likely” to make a purchase, 17% said “not so likely” and four percent had unspecified replies. 

The survey was done in January, even though the results were just released recently. With the bull market recently starting, it’s unclear whether the answers would remain the same if the participants were asked the questions now. 

26% Extremely Likely

The Business Insider noted that the rejuvenated market might prompt some of the people surveyed to rethink their situation. BI also said it could even push the 26% who answered they extremely likely, very likely, and somewhat likely to make a purchase to actually jump on the bandwagon and buy. 

Recent surveys have not exactly shown people showing enthusiasm for the digital asset. One survey managed by cybersecurity company Kaspersky Lab showed that only 19% of people around the world have bought cryptocurrency. 

Meanwhile, Fidelity Investments, an asset management company based in the United States, said their survey showed 22% of corporate investors already secured digital assets for their own.

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