Bitcoin in Gen Z

[Sterbens]

The existence of Bitcoin in everyday life can support the community's economy. But going back to the effectiveness of government policies that we currently see tend to not fully support cryptocurrency adoption. This position is still used as an alternative investment that is parallel to bonds, stocks and others.

The current generation can attract Bitcoin because of its advantages that provide financial freedom. Even so, we cannot escape the category of rules that remain attached to each individual. The government will continue to monitor the finances of its citizens so that they can still get profitable results. If you look at current developments, the future of Bitcoin can be a reference for people's economic growth.

[1714751895]

1714751895

[Flexystar]

I’m attracted to the charts above, they excellently explains different age groups and how bitcoin is injected on their minds. Impressed to see Millenial age group which is 25-40 yrs old peoples have gone far into bitcoin and definitely it’s true because we are moderately from old age and moderately from modern era thus mixing all the possibilities. We love traditional but equally always choose modern techs because we are in the want of something new.

Moreover, GEN Z is entirely modern and they are very very careless. They are not able to fix up their minds because their minds are always spurious. So I’m little off about their relationship with bitcoin.

[Fundamentals Of]

I’m attracted to the charts above, they excellently explains different age groups and how bitcoin is injected on their minds. Impressed to see Millenial age group which is 25-40 yrs old peoples have gone far into bitcoin and definitely it’s true because we are moderately from old age and moderately from modern era thus mixing all the possibilities. We love traditional but equally always choose modern techs because we are in the want of something new.

Moreover, GEN Z is entirely modern and they are very very careless. They are not able to fix up their minds because their minds are always spurious. So I’m little off about their relationship with bitcoin.

The millennials are the ones who are not too old but also not too young. They're in between. They've inherited the old ways as well as embraced the new ways. I guess many of them are moderates even if they are open-minded. They're not too advanced but they're also not stuck in the past.

I agree that Gen Z is more careless. It's probably because of the kind of world they are living in. They were born into the modern technological and consumerist world where things are instant as they are disposable. Although they could easily and very quickly jump into the likes of Bitcoin, I'm afraid this has shallow roots.

[Lucius]

I agree that Gen Z is more careless. It's probably because of the kind of world they are living in. They were born into the modern technological and consumerist world where things are instant as they are disposable. Although they could easily and very quickly jump into the likes of Bitcoin, I'm afraid this has shallow roots.

I think we generalize a little too much about how everyone in Generation Z is the same as if everyone was born in the same year or only a few years apart, when in fact it is from 1995 to 2009 (although there are different interpretations). So I think those from the beginning of the generation have been exposed to different influences and some of them were already teenagers when Bitcoin was in its infancy - while those born at the end of the generation are now 12-13 years old and I don't believe they are still capable make any independent decisions when it comes to something like Bitcoin.

In addition, it is important to emphasize that there are very important differences within each generation with regard to their place of birth and that their behavior can have very different patterns taking into account their origin and culture.

For better understanding, I recommend reading -> https://en.wikipedia.org/wiki/Generation_Z

[fortuner]

Facing different struggles in life teaches us that everything is important. Calamities, pandemic diseases, wars, hunger and everything happens in this Generation. This phenomena open the mind of everyone that virtual thingy is possible. Embracing digital currencies, virtual platforms used in education, business and many more are in demand in today's living. Bitcoin, nowadays are known everywhere, it is in demand. Continuing and adapting these changes will rise Bitcoin as the Digital King of Today and Future Generation.

I don't think that we can say it's the future though, I mean it's here already and probably will continue to exists until the last bitcoin is mined although we are closer to 99% that will be mined maybe in the next 4 halving. As for the Gen Z, yeah, we have heard so much news already that they are into bitcoin or crypto in general and it might spill their mind into other investment platform as well like traditional stocks so it will help them secure a better future.

They say that only because they see the current market conditions, try to see if the market is back to normal, they will surely flock back to buy and accommodate bitcoin again like in previous years.

[AicecreaME]

The pandemic that hits us way back 2020 surely made Bitcoin famous, first because of countries that adopted it during the pandemic, and because people have too much time to spend on the internet exploring something new, which is cryptocurrency. I'm shocked that I saw many friends of mine in Facebook sharing their stories about Trading, both stock and futures, which I thought that they were not into cryptocurrency but they are not just posting it on social media when there was no pandemic.

Bitcoin will surely be used by many as the time passes by, because the world is evolving, the technology is continuously growing.

[buwaytress]

Moreover, GEN Z is entirely modern and they are very very careless. They are not able to fix up their minds because their minds are always spurious. So I’m little off about their relationship with bitcoin.

It's little to do with them being Gen Z than them being 18-25 though, I feel. I mean, weren't we all spurious and careless and modern at 18-25? The last generation to really save was Gen X (ending 1980) and even then people my age weren't always saving, or as much as their parents (the actual boomers, since Gen X like myself erroneously get referred to as boomer).

Have to say, from the Gen Zs I've met, they're more likely to be "bullish" about Ripple and Doge than about Bitcoin though. Haven't figured out that it's okay to own fractions of a bitcoin...

[Ale88]

I agree that Gen Z is more careless. It's probably because of the kind of world they are living in. They were born into the modern technological and consumerist world where things are instant as they are disposable. Although they could easily and very quickly jump into the likes of Bitcoin, I'm afraid this has shallow roots.

I think we generalize a little too much about how everyone in Generation Z is the same as if everyone was born in the same year or only a few years apart, when in fact it is from 1995 to 2009 (although there are different interpretations). So I think those from the beginning of the generation have been exposed to different influences and some of them were already teenagers when Bitcoin was in its infancy - while those born at the end of the generation are now 12-13 years old and I don't believe they are still capable make any independent decisions when it comes to something like Bitcoin.

I agree that generalizing too much is wrong, but at the same time we must admit that Generation Z, in general, is too addicted to the new technologies and new electronic stuff. I see people half my age with always the last iPhone model, always the last fancy bag, and especially I don't remember my friends spending so much money on clothes, I mean now spending $1k for a pair of shoes or a sweater is considered something normal, to me it's just crazy and not because I can't afford it, but because it's not worth it.

Regarding the future of bitcoin in the long run, I think that a lot will also depend on how Millenials will grow and educate their children.

[Lucius]

I agree that generalizing too much is wrong, but at the same time we must admit that Generation Z, in general, is too addicted to the new technologies and new electronic stuff.

This is not something we will not agree on, because from the first day of their lives they are surrounded by various technologies - because their parents use them, even though they were born at a time when there were no smartphones, computers were rare and the Internet was considered a luxury only for the privileged.

I see people half my age with always the last iPhone model, always the last fancy bag, and especially I don't remember my friends spending so much money on clothes, I mean now spending $1k for a pair of shoes or a sweater is considered something normal, to me it's just crazy and not because I can't afford it, but because it's not worth it.

Then you live in a society that can be considered relatively prosperous, because the money they spend on luxury they can obviously afford - and they don't actually buy clothes or some expensive smartphones, but status symbols to show that they have money. I can't say that I don't like to buy something of good quality, which is sometimes quite expensive, but these are usually things that will be used for at least 5+ years.

Regarding the future of bitcoin in the long run, I think that a lot will also depend on how Millenials will grow and educate their children.

Here we can ask the question how much influence do parents actually have on children nowadays? In so-called developed democracies, the family is increasingly degraded and children acquire their basic knowledge in schools and through watching television and using the Internet. Bitcoin is certainly something that may be interesting to them, although we know that the mainstream media presents it exclusively as an investment aimed at making a profit, or often in a negative context as something used by criminals or something bad for the planet because it consumes too much energy (which is of course far from the truth).

[amishmanish]

I believe generation Z is a transition generation. Their priorities and understanding on usefulness of technology seem to be motivated more by fashion concern than its true utility. Yes in future technologies are evolving more meaningfully and digital assets will be considered as valuable as real world assets. So we will see more practical approach by Z generation.
Bitcoin seems to catching up really fastly with the world and we will see that gen Z will be at forefront at embracing and expanding bitcoin

[jostorres]

The pandemic that hits us way back 2020 surely made Bitcoin famous, first because of countries that adopted it during the pandemic, and because people have too much time to spend on the internet exploring something new, which is cryptocurrency. I'm shocked that I saw many friends of mine in Facebook sharing their stories about Trading, both stock and futures, which I thought that they were not into cryptocurrency but they are not just posting it on social media when there was no pandemic.

Bitcoin will surely be used by many as the time passes by, because the world is evolving, the technology is continuously growing.

But before it, we have the 2017 bull market which attracted the public to know more about cryptos. That is the start of the popularity of bitcoin and maybe it got boosted by the covid pandemic because people needs to stay at home and people are looking for ways to earn. Apart of it, they also need to send and receive money online to avoid close contact on face to face transactions.

Another thing that help bitcoin popular is the introduction of play to earn games. It is mate, btc is going to be used by the many but I am afraid that most of them will only treat it as a store of value or an asset to make more money and not mainly as a currency as what is intended by the creator.

[AakZaki]

Bitcoin in this modern era has become a necessary technology and has become a very valuable asset. Many people who are already familiar with bitcoin, have had a lot of bitcoin influence. Bitcoin in Gen Z has become a payment technology that can cover all platforms. nowadays more and more adoption is integrated with bitcoin. BItcoin is becoming a digital king that changes the way transactions are more secure and transparent.

[Ale88]

I agree that generalizing too much is wrong, but at the same time we must admit that Generation Z, in general, is too addicted to the new technologies and new electronic stuff.

This is not something we will not agree on, because from the first day of their lives they are surrounded by various technologies - because their parents use them, even though they were born at a time when there were no smartphones, computers were rare and the Internet was considered a luxury only for the privileged.

It's also about the way the parents decide to raise and educate their kids: I understand that things change, but maybe giving an iPad to a little baby is not the best idea because they could become addicted and have attention problem when they go to school, it's something that may sound ridiculous but it's actually a problem.

I see people half my age with always the last iPhone model, always the last fancy bag, and especially I don't remember my friends spending so much money on clothes, I mean now spending $1k for a pair of shoes or a sweater is considered something normal, to me it's just crazy and not because I can't afford it, but because it's not worth it.

Then you live in a society that can be considered relatively prosperous, because the money they spend on luxury they can obviously afford - and they don't actually buy clothes or some expensive smartphones, but status symbols to show that they have money. I can't say that I don't like to buy something of good quality, which is sometimes quite expensive, but these are usually things that will be used for at least 5+ years.

Trust me, it doesn't matter wether you can afford something or not, many people will do everything to buy something just to show they are like everyone else otherwise they feel excluded by the society. Or their parents buying everything just because they can afford it. Luckily my family never had any financial problem but they would never spend $150 for a shirt, and I wouldn't even try to ask for something like that.

Regarding the future of bitcoin in the long run, I think that a lot will also depend on how Millenials will grow and educate their children.

Here we can ask the question how much influence do parents actually have on children nowadays? In so-called developed democracies, the family is increasingly degraded and children acquire their basic knowledge in schools and through watching television and using the Internet. Bitcoin is certainly something that may be interesting to them, although we know that the mainstream media presents it exclusively as an investment aimed at making a profit, or often in a negative context as something used by criminals or something bad for the planet because it consumes too much energy (which is of course far from the truth).

I regret that my family for example never gave me any financial education but I'm not even sure if they could actually teach me something besides don't spend more than what I can afford to pay, discovering bitcoin really opened me a world that I had never paid attention to before, I'm referring about money management, investment, thinking in a different way, etc etc. Bitcoin for me has been way more than "just" a digital currency.

[batang_bitcoin]

The millennials are the ones who are not too old but also not too young. They're in between. They've inherited the old ways as well as embraced the new ways. I guess many of them are moderates even if they are open-minded. They're not too advanced but they're also not stuck in the past.

That's right, being millennial is one of the greatest era of life because we've seen the old tech and the newer one and were easily adopted. The same goes for the older generation before millennials.

I agree that Gen Z is more careless. It's probably because of the kind of world they are living in. They were born into the modern technological and consumerist world where things are instant as they are disposable. Although they could easily and very quickly jump into the likes of Bitcoin, I'm afraid this has shallow roots.

True, they've been introduced at a young age with technology and they've been entertained through websites like YouTube and the likes of it because they're easily to be entertained and be left by their parents at a young age just to do any task they do. IMO, it's not important if they're into bitcoin or not, soon, even if they don't like it, they'll get to know bitcoin and the technology that it has which is blockchain due to the demand and popularity of it. They can't skip it.

[yazher]

The existence of Bitcoin in everyday life can support the community's economy. But going back to the effectiveness of government policies that we currently see tend to not fully support cryptocurrency adoption. This position is still used as an alternative investment that is parallel to bonds, stocks and others.

The current generation can attract Bitcoin because of its advantages that provide financial freedom. Even so, we cannot escape the category of rules that remain attached to each individual. The government will continue to monitor the finances of its citizens so that they can still get profitable results. If you look at current developments, the future of Bitcoin can be a reference for people's economic growth.

Financial freedom is a must because you will know how scary it is once you cannot withdraw money from your ATM because they have a share of control of it because your money is in their banks. When you own bitcoins and have them on your own personal hard wallet, you are fully aware that you are the only one who can send money from them. That's why people that are somehow connected to the banks are hostile toward bitcoins because they will lose their jobs and they cannot earn anymore once people start to implement bitcoins in their stores and services and boost the convenience with the lightning network.

[peter0425]

The existence of Bitcoin in everyday life can support the community's economy. But going back to the effectiveness of government policies that we currently see tend to not fully support cryptocurrency adoption. This position is still used as an alternative investment that is parallel to bonds, stocks and others.

if Bitcoin will only be allowed in worldwide matter and surely the community will be supported by this and the economy will increase and will bring light to our world.

The current generation can attract Bitcoin because of its advantages that provide financial freedom. Even so, we cannot escape the category of rules that remain attached to each individual. The government will continue to monitor the finances of its citizens so that they can still get profitable results. If you look at current developments, the future of Bitcoin can be a reference for people's economic growth.

The Gen X are indeed loving crypto , as they can easily understand it now while when we are starting ? the knowledge in crypto  is limited but in their generation? it is all over the place and internet .

[Lucius]

I regret that my family for example never gave me any financial education but I'm not even sure if they could actually teach me something besides don't spend more than what I can afford to pay, discovering bitcoin really opened me a world that I had never paid attention to before, I'm referring about money management, investment, thinking in a different way, etc etc. Bitcoin for me has been way more than "just" a digital currency.

Expensive private schools and the best colleges do not always guarantee success in life - there are as many examples as you want. Your parents must have raised you well if you think this way - and every parent should teach their child to never steal from others, not to spend more than they earn, and that money is not the most important thing in the world.

For many, Bitcoin is just an investment and it is something we cannot change, but if we understand its essence and use it in a better and more correct way, then we can have much greater benefits than just profit. We may need to wait for another generation to start thinking outside the box, but no one should think that change should happen overnight.

[kryptqnick]

Facing different struggles in life teaches us that everything is important. Calamities, pandemic diseases, wars, hunger and everything happens in this Generation. This phenomena open the mind of everyone that virtual thingy is possible. Embracing digital currencies, virtual platforms used in education, business and many more are in demand in today's living. Bitcoin, nowadays are known everywhere, it is in demand. Continuing and adapting these changes will rise Bitcoin as the Digital King of Today and Future Generation.

Technically, it's happening to all of us who are alive now, not to gen-Z specifically. And from what I've seen, gen-Z is not more pro-crypto than the millennials. I assume most people here are millennials, which might explain why others are also pointing out some not-so-flattering things about gen-Z.
Bitcoin is something people are familiar with around the world, and there is a certain demand for it, but let's not overestimate it. There are things and technologies used by billions, and Bitcoin's  number of users is a couple of hundreds of millions. Bitcoin is already the king of digital money, and I think it will stay there, but that doesn't mean that cryptos will become significantly more adopted than they already are.

[boris singer]

The Gen X are indeed loving crypto , as they can easily understand it now while when we are starting ? the knowledge in crypto  is limited but in their generation? it is all over the place and internet .

In this case it is possible to do that because if you look at the characteristics of Generation Z, of course, those who do play gadgets every day, the Internet and living in an era of highly developed technology will clearly have an impact on them and bitcoin for now is not something that is very difficult. sought in terms of information and all forms related to this matter.

just looking around my house now there are a lot of people who know this even though they only know and are still new but this shows an increase that the interest in bitcoin is quite high and indeed this is something very good regardless of what generation Z is of course more able to exploit it this with more

[topman21]

As the world progresses, so does the quality of human life. At one time people did not know this virtual currency But now almost everyone is aware of this virtual currency.The time will come when all people will accept this cryptocurrency and start trading.Then people will no longer use this paper money. Everyone will then use cryptocurrency.