Cryptocurrencies attract young people. “Investors with a higher appetite…”
These are investors with a higher appetite for risk, who test new products more often – this is how experts comment on the interest in cryptocurrencies among young people. Every third person admits to having contact with them.
According to the ARI10 study, less than 38 percent Poles aged 18-25 have already encountered cryptocurrencies. More than half (53.9%) had no dealings with them, and approximately 8%. doesn’t remember. Experts emphasize that this is a high but reliable level of contact with cryptocurrencies in this age group.
– Young adults are natural early adopters. They use stock exchange applications, wallets and sometimes microtransactions. It is also worth emphasizing that we are talking about contact, i.e. buying, selling, investing, and not only about current investing. Therefore, we do not compare the value directly to the percentage of investors in the entire population – comments Dr. Hab. Krzysztof Piech, prof. Lazarski University.
Where does the interest in cryptocurrencies among young people come from?
The authors of the study point out that the idea of blockchain technology is anonymity. Investors prefer that as few people as possible know about their activities. There may actually be more people who have come into contact with cryptocurrencies than stated in the declaration. The ARI10 survey shows great interest in the topic among young people. They are more open to technological innovations and understand them better. In addition, as the authors of the study note, there is also the issue of a certain generational rebellion, the search for assets other than those in which their parents invest their capital. Another lure for young people may be the fact that cryptocurrencies guarantee greater emotions and profits. Older people are more willing to buy shares (especially dividend-paying companies) or gold.
– We have been observing for years that this age group has a high share of first investment attempts. Their market weight is less about the “here and now” scale of capital and more about the cohort effect. Young people build financial habits, shape demand for crypto and DeFi services, and generate network effects. These are investors with a higher appetite for risk, who test new products more often. At the same time, their horizon is long, so over time they may become the core of the customer base of legally operating crypto entities in Poland – emphasizes Dr. Hab. Krzysztof Piech, prof. Uła.
Men spoke much more often about contact with cryptocurrencies (47.5%, compared to 30.3% among women). The study shows that they were most often dealt with by people earning quite well – from PLN 7,000 to PLN 9,000 net (58.3%). In terms of place of residence, respondents from cities with a population of 200,000 to 500,000 dominated. inhabitants (48.6%).
