Topic: Bitcoin in Gen Z (Read 692 times)

Sure! We all aware that those stuffs (pandemic, wars, hunger, diseases and calamities) happened in previous generations but I think what the op was trying to justify is the importance and relevance of technology and virtual world in this our generation which can not be totally dispute.

Undoubtedly, bitcoin is seen as a global tender in a few countries. By the end of Gen Z, bitcoin is most likely to be accepted officially in most parts of the world.

I see that some parts of the younger generation in the country where I live are too confused about what is going on in life. But what has happened since the COVID pandemic makes it much harder to study or work than before, but the other thing I see is when they get access to money too early, as well as some knowledge and skills needed in the cryptocurrency market, leading to some distortions in multi-level forms as well as problems with hot loans to buy cryptocurrencies. Instead of adapting quickly, the current life balance is also something that I think many of you should live realistically as well as be motivated to try in life, not only enjoy it but build it for others again.

What we can see is that they're buying Bitcoin like shopping online
Not just follow the trend,imp

I think when the 2017/2018 Bitcoin reach new ATH around $19K, most people already know what is Bitcoin because of huge price surpass. After that, they're decide to buy Bitcoin and the sad thing is they're buy on the peak, the price continue to decrease and hit the bottom around $3K. This make them feel frustrated and call Bitcoin as a scam or ponzi etc. But after Bitcoin can make a new ATH again, this prove it's not a ponzi or failed project.

Well the generation gap will ofcourse extensively help the adoption, for my grandmother anything related to the mobiles and internet is kinda weird, she still does not know and does not care about it. Today's generation literally grew up with phone in their hand, my tiny nephew was using phone when he was 2 years old! And started scrolling and using YouTube even before that. People are getting more adapted to the idea and therefore I do believe that cryptocurrencies would have more relevance and at the same time they would be outperforming other assets like 'fiat', apparently it's 'cool' plus the usage+investment is an amazing concept as well, I do think the progression is positive on cryptocurrencies like Bitcoins undoubtedly.

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.

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

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.

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.

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 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 .

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.

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.

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.

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.

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.

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.

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.

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.

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

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.


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.


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 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.

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...