20% of Gen Z and Alpha consider crypto for retirement savings
A recent report by Bitget Research reveals a significant trend among younger generations regarding retirement savings.
According to the study, 20% of Gen Z and Alpha are now open to receiving pensions in cryptocurrency.
This shift indicates a growing acceptance of digital assets as viable alternatives to traditional pension funds.
The survey found that over 40% of respondents in these age groups have already invested in cryptocurrency, reflecting a notable generational change in financial planning.
The report emphasises that 78% of participants expressed greater trust in alternative retirement savings options compared to conventional pension systems.
“Many are sceptical of the old systems and are increasingly leaning towards decentralised finance and blockchain-based solutions,” the report states.
This inclination towards cryptocurrencies is further supported by industry predictions that suggest increased adoption among both institutional and retail investors in the coming year.
Gracy Chen, CEO of Bitget, described the findings as a “wake-up call for the financial industry,” noting that younger generations seek modern solutions that provide more control, flexibility, and transparency in their financial planning.
Despite this growing interest, the report highlights three major barriers to widespread cryptocurrency adoption: price volatility, regulatory uncertainty, and cybersecurity threats.
In 2024 alone, crypto hackers stole over $2.3 billion worth of digital assets, marking a 40% increase from the previous year.
Access control vulnerabilities accounted for the majority of these losses, totaling $1.9 billion across numerous incidents.
Experts suggest that offchain transaction validation could significantly reduce these risks by simulating and validating blockchain transactions externally.
As younger generations continue to explore cryptocurrency as part of their financial futures, the landscape of retirement savings is poised for transformation.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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