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Adoption: Older investors are turning to cryptography

31. Januar 2021 admin Allgemein

Adoption: Older investors are turning to cryptography

A new survey indicates that investors in cryptos are on average older than a few years ago. Could this be a sign of the growing adoption of cryptos?

If cryptomoney has long had the reputation of being the privileged assets of a young population, particularly aware of the latest technologies, this is changing. At least that is what emerges from a report on the adoption of cryptomoney, which was published by the Wirex company and the Stellar Foundation (XLM).

It should be noted that the survey only questioned Wirex and Stellar users – but it can still give an idea of this gradual transformation. Nearly 4,000 people from 89 countries were interviewed. The report explains that among the barriers to the adoption of Crypto Investors cryptomoney, the reluctance of older people to use new technology is often cited. But in practice, this does not seem to be the case:

  • Older cryptomoney investors

The majority of those who have confirmed their ownership of cryptosurveillance systems are in the 45-54 age group, followed by the 35-44 age group. Next come the 55-64 year olds, and the 25-34 year olds are only in fourth place. In total, 57% of those surveyed are over 45 years old.

Notably, if we look at the 55-64 age group, it is women who invest the most in cryptomoney (26% of the respondents compared to 14% of men).

Stablecoins still little known

The report also notes that while investors are now familiar with cryptomoney in general, this is not the case with stablecoins. 75% of those surveyed had never heard the term „stablecoin“, and this share rises to 82% among those over 65.

Nevertheless, the report concludes that the adoption of cryptomoney by an older population is a good thing for their legitimacy:

„The adoption of this demographic category in particular is vital in order to put an end to the idea that blockchain technology is a ‚fad‘ or a novelty. But this process already seems to be under way. »

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