Last Updated on January 24, 2025 by Olga
When it comes to investing in Bitcoin or altcoins like Ethereum, the generation of millennials and the so-called “zetas” (people born in 2000 and younger) are often remembered. This is statically justified because young people are better versed in Internet technologies. In addition, they understand what methods of making money on the Internet are really successful.
Generation Z kids pick up smartphones as soon as they learn to pick up anything. They grow by watching the virtual economy in online games and pocket money on the virtual value exchange. Selling virtual goods and services in 2018 is as normal for them as spending a vacation at a vacation center for their parents in 1989.
A simple comparison leads to a simple conclusion – where one in three millennials would prefer to invest in the cryptocurrency market, a 16-year-old Zeta teenager will simply buy video cards for mining with his parents’ money if it does not work himself. To this, perhaps, his parents themselves are pushing. The Telegraph claims that over 25% of parents give their kids digital currency to shop online or pay for gaming accounts. Children perceive this as pocket money and so the first investment scenarios are laid in childhood.
Therefore, cryptocurrency only at first seems like a toy to them. Indeed, in a few years, they are likely to seriously trade bitcoin, ether, or other coins.
How can middle-aged people use cryptocurrency?
The millennial generation (22 to 37 years old) is most interested in investing in crypto. This differs from Gen X (37-51) and boomers, where only 4% are willing to invest in digital currency. Why is everything going this way?
Fundstrat’s head of research, Thomas Lee, believes the millennial generation doesn’t like the banking system. And here the question lies not only in the technological lag when the crypt allows you to change the value without any intermediaries, which in itself changes the world that surrounds us.
This approach and its predominance among millennials is the basis for the massive development of virtual currencies. People under the age of 30 are ready to invest in crypto, explaining that securities carry great risks, which means they are unreliable.
How do boomers feel about cryptocurrency?
At first glance, the crypto world seems like the antithesis of the traditional financial systems that the boomer generation (born 1946–1965) grew up with. Many assumed boomers wouldn’t understand Bitcoin or its purpose. After all, this generation prioritized steady paychecks, homeownership, and conventional savings over speculative investments.
However, boomers are increasingly showing interest in Bitcoin. Created by Satoshi Nakamoto in response to the 2008 financial crisis, Bitcoin was designed as an anti-inflationary asset. Amid the economic turbulence of 2020, driven by the coronavirus pandemic, many boomers turned to Bitcoin to protect their retirement savings and potentially leave a financial legacy for their children.
This trend reflects a generational shift in investment behavior. Boomers view Bitcoin as a hedge for old age, millennials see it as a complement to traditional investments, and Gen Z, raised in a digital-first world, embraces crypto as native territory. Unlike stocks or commodity futures, cryptocurrencies like Bitcoin Cash, Litecoin, and Ripple are accessible to anyone, including young investors looking to start small and build capital.
Simply put, crypto has bridged the gap between generations, making investment more inclusive and reshaping the landscape of financial opportunity.
Is it safe?
The short answer is yes! But you also need to do some pre-research. The ledger makes sure that an accurate balance can be determined for all transactions between “digital wallets.” All transactions are reviewed to make sure that the current spender owns the coins used. Often referred to as a “transaction blockchain” is this public ledger. Blockchain technology, through encryption and “smart contracts” that make the company practically unhackable and void of fraud, ensures safe digital transactions. Blockchain technology is poised to influence virtually every segment of our lives with protections like this.
The explanation why cryptocurrency has any value is the blockchain. The explanation why cryptocurrency is in high demand is the ease of usage. All you need is a smart device, an internet connection, and you become your bank instantly, make payments and transfers of money. There are more than two billion people with Internet access who are not entitled to use conventional exchange networks. In the cryptocurrency business, these individuals are clued-in.
And there is no other electronic cash system where you own your account. Since users can only send and receive Bitcoins via a smartphone or device, technically, Bitcoin is open to consumer communities without links to conventional financial networks, credit cards, and other payment mechanisms.
Prepare for volatility
The demand for cryptocurrencies is unpredictable, so be prepared for ups and downs. You’ll see drastic price swings. If it can’t be managed by your financial fund or emotional health, cryptocurrencies may not be a wise option for you.
Right now, blockchain is all the rage, but mind, it’s still in its infancy. Challenges come from engaging in something different, so be prepared. Do your research and spend conservatively to begin if you intend to join.
It also needs to be taken into account that a crypto is a form of currency that has been around for just about 10 years. It is not gold, nor is it fiat. This is a brand-new technology that has already proven its potential to change the global financial system radically.
Conclusion
Taking into account everything that was said above, it would be fair t say that with the evolving of technologies and the Internet, the world changes and such things as digital currencies as crypto appeared on a market, making new opportunities for making money.
When the first crypto asset Bitcoin was introduced more than 10 years ago, no one even thought how it will change the world and people would consider them as an investment or way of earning. Cryptocurrencies give a lot of opportunities for people to spread their portfolio and use it whatever they want to. Everything depends on you if you would like to have some digital money or not.