Millennials aren’t the only ones interested in crypto, says Kraken exec

Millennials aren’t the only ones interested in crypto, says Kraken exec
фото показано с : coinjournal.net

2021-12-23 23:12

Millennials are showing a greater interest, but adoption cuts across all age groups according to Kraken chief product officer Jeremy Welch.

Jeremy Welch, the chief product officer at cryptocurrency exchange Kraken says that it’s not just millennials who are most interested in crypto, noting that adoption is instead widespread even in the older generations.

Welch said this in an interview in which he shared his outlook of the crypto space going into 2022.

The comments come at a time when a new survey showed millennials loved cryptocurrencies and that more than three-quarters of millennial millionaires said they made their wealth in crypto and other blockchain projects.

Crypto adoption cuts across all age groups

Asked about Kraken’s plans and tools targeted at having more of the older generations enter the crypto space, Welch noted that it’s not just millennials. He said Kraken has seen “passionate” customers right across the age groups- from Gen X to Gen Z, and even baby boomers.

He also added that the interest does not just cut across the age groups, but across all backgrounds, with adoption registered from customers in over 170 countries.

Welch says there’s “a lot of excitement” for cryptocurrencies and Bitcoin (BTC), Shiba Inu (SHIB), and Dogecoin (DOGE). He also points to greater interest in staking amongst all these groups of investors, saying that Kraken recorded a 900% growth in staking among its customers.

Notably, Kraken has acquired the staking platform Staked in a deal worth an undisclosed amount the firm's CPO noted he could comment about.

Bitcoin here to stay and NFTs was a big boon this year

Commenting on the broader crypto sector, he said the technology continues to grow and new use cases are coming up. He pointed to non-fungible tokens (NFTs) and decentralised identity as two of the newer use cases attracting a lot of attention.

He also noted that the financial system and new technologies such as NFTs and virtual worlds are all coming together in ways that are very exciting for not just the Gen Z and Gen Xers, but also for all types of artists and other users.

About the future of crypto, he believes Bitcoin’s decade-long growth and adoption means it’s here to stay.

Going back to the survey released last week by CNBC, the percentage of millennial millionaires who said they own crypto was 83%. 

Over 50% of millennials say they have half their money in crypto and plan to add to that. Interestingly, the survey report suggested that less than 25% of Gen X and even fewer (just 4%) of baby boomer millionaires reported having crypto investments.

The post Millennials aren’t the only ones interested in crypto, says Kraken exec appeared first on Coin Journal.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Emerald Crypto (EMD) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 4.67 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0095806 (-100%)

millennials crypto says kraken exec aren interested

millennials crypto → Результатов: 111


Фото:

Australia: Nearly 20% of Millennials Prefer Crypto Investments over Real Estate

Two-fifths of Australian millennials prefer crypto assets over real estate when it comes to investing, survey shows. Banking on Crypto Adoption According to a recent survey conducted by cryptocurrency exchange Kraken, about 40 percent of Australian millennials believe that investing in crypto is the key to long-term success as confidence in traditional savings instruments continuesRead More

2021-6-7 12:00


FTC Data Reveals Big Jump In Crypto Investment Scams, Losses Totaling $80M

A new consumer protection data spotlight from the U.S Federal Trade Commission (FTC) revealed that consumers lost more than $80 million to cryptocurrency investment scams since October 2020. Millennials Lost More Money to Scams Data compiled from the last quarter of 2020 and the first quarter of 2021 showed that almost 7,000 investors were swindled […] The post FTC Data Reveals Big Jump In Crypto Investment Scams, Losses Totaling M first appeared on BitcoinExchangeGuide.

2021-5-19 21:01


Gen X Investors Overtake Millennials in Crypto Adoption: Wirex & Stellar Report

Nearly 75% of consumers view digital assets and stablecoins as an alternative to traditional money transfer services. High fees, slower transaction times, and hectic cross-border transfers are some of the reasons leading consumers to digital asset payment systems, joint research from Wirex and Stellar Development Foundation (SDF) states.

2021-1-22 21:03


Фото:

JP Morgan Sees Millennials’ Bitcoin Preference Over Gold as Foundation for Its Long Term Success

JP Morgan says bitcoin’s 2020 surge is set to continue as the digital cryptocurrency competes better against gold as an alternative currency. In a note, the financial institution says that with millennials set to become a more important market participant in the coming years, their preference for bitcoin to gold sets up the crypto for […] The post JP Morgan Sees Millennials’ Bitcoin Preference Over Gold as Foundation for Its Long Term Success appeared first on Bitcoin News.

2020-10-25 14:03


Social Trading Tools Might Be the Key to Simplifying Crypto Trading for Retail Investors

Cryptocurrency means different things to different people. To early adopters, millennials, techies, geeks, and risk-loving investors, cryptocurrency is the future of money. During bull markets, the incredible performance of cryptocurrencies over traditional assets such as equities, real estate, and gold […] The post Social Trading Tools Might Be the Key to Simplifying Crypto Trading for Retail Investors appeared first on CoinMarketCap.

2019-11-29 16:00


Josh Olszewicz - Bitcoin’s Stock to Flow, Boomers & Millennials, Libra & Facebook

Professional trader and market analyst Josh Olszewicz joins Andy Pickering for a conversation on the macro crypto news cycle. Bakkt’s volume hit a new all-time-high, and Square had its sixth consecutive growth quarter - bullish for Bitcoin? Plus recent developments in China, why Libra is dead in the water, and Andy tells the story of how Kim Dotcom introduced him to Bitcoin.

2019-11-15 06:36


Why Do Bitcoin & Crypto Make Sense for Millennials? Ex-Goldman Sachs Exec Explains

The viability of Bitcoin (BTC) and crypto assets in today’s ever-changing economy continues to swell, according to a former Goldman Sachs executive. Related Reading: Is the Declining Global Economy Growth Fueling the Stunning Rally of Bitcoin? Bitcoin and Crypto Just Make Sense Legendary Bitcoin-centric podcaster Stephan Livera recently brought on Raoul Pal, a crypto-curious former.

2019-7-30 14:00