Skip to content
Behind the success of some Gen X crypto investors

JTypically, Gen X is more closely associated with hip-hop, grunge, and the early adoption of personal computers than with crypto trading success. When you think of Bitcoin, Ethereum, Dogecoin and the rest, it’s probably young Millennials and Generation Z that come to mind – not middle-aged adults in their early 40s to late 40s. the fifties.

See: How much money do you need for a national emergency?
Check Out: 22 Side Gigs That Can Make You Richer Than A Full-Time Job

In terms of the percentage of crypto investors by age, that’s generally accurate. Gen Xers are less likely to invest in crypto than younger sets, but far more likely than all other generations to make big profits when they do, according to a new study from GOBankingRates.

So what is behind the success of crypto investors who were babies in the 60s and 70s, kids in the 70s and 80s, and teenagers in the 80s and 90s?

In most cases, it turns out that Gen X wins big because Gen X bets big.

Crypto’s generational divide runs through Gen X

The study, which surveyed more than 1,000 American adults about their attitudes and experience with cryptocurrency, produced fairly predictable results: younger people are more likely to invest in cryptocurrency than older people. .

Find: 6 alternative investments to consider for diversification in 2022

From dawn of adulthood to early middle age, about a third of respondents are investing in cryptocurrency with good consistency throughout. Here is an overview of the percentage of crypto investors in each of the younger age groups:

  • 18-24: 32.72%
  • 25-34: 36.81%
  • 35-44: 31.34%

Once you get to the next age bracket – 45-54, which is the bulk of Gen X – the percentage of crypto investors drops down to 18.5%, which is not than just over half of their Gen Z and millennial counterparts.

Only about 12% of 55-64 year olds invest in crypto, along with about 5% of those 65+.

When older investors buy into crypto, they buy big

Among respondents who confirmed they participate in cryptocurrency, a striking trend emerged. Young people were very unlikely to have half or more of their investments tied to crypto – less than 4% of 18-24 year olds, less than 6% of 25-34 year olds and less than 8% of 35-44 year olds .

But incredibly, almost 17% of 55-64 year olds who invest in crypto have at least half of their money invested in digital coins. About 12.5% ​​of Gen Xers in the middle — by far the highest percentage — can say the same.

While older sets are less likely to invest in crypto, the study shows that they are much more likely to get into it when they do.

Big bets lead to big profits

Although younger baby boomers were more likely than Gen Xers to spend at least half of their investments in crypto, Gen Xers were by far the most likely to clean up with the big wins.

Less than 5% of 25-44 year olds could claim lifetime crypto profits of $50,000 or more, along with less than 8% of Gen Zers and less than 6% of Baby Boomers.

A single demographic could claim double-digit percentages that hit an all-time crypto jackpot worth at least $50,000. A total of 12.5% ​​of Gen X crypto investors have won profits that brought them at least half way to six figures.

Gen X: A Tiny But Bold Fragment Of The Crypto Market

A recent report from fintech firm Stilt confirms the findings of the GOBankingRates study while adding some interesting new details. He revealed that a whopping 94% of all crypto investors are Gen Zers and millennials between the ages of 18 and 40. Generation X makes up just under 5%, with baby boomers making up the remaining 1.22%.

  • Gen Z buyers outnumber Gen X buyers by a multiplier of 3.5
  • Millennial shoppers outnumber Gen X shoppers by a multiplier of 15.5

The older you are, the less likely you are to invest in crypto – but here, too, it seems Gen X are winning the big exchanges by playing the big hands. Here’s a look at the 12-month average crypto purchase for each age bracket, according to the Stilt study:

  • Generation Z: $6,120
  • Millennials: 8,596
  • Generation X: $9,611
  • Baby boomers: $4,567

Although they make up less than 5% of all crypto buyers, when Gen X gets in on the action, they go down 1.6 times more than Gen Z and 1.1 times more than Millennials.

The results are clear. Young people completely dominate the cryptocurrency investment market in terms of numbers, but while their older siblings and Gen X cousins ​​tend to sit on the sidelines, they bet big to win big when they enter the game.

More from GOBankingRates

This article originally appeared on Behind the Success of Some Gen X Crypto Investors

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


Not all news on the site expresses the point of view of the site, but we transmit this news automatically and translate it through programmatic technology on the site and not from a human editor.