Gambler Pick disseminates results of its recent public review which suggested that Generation Z is more inclined towards crypto investment rather than traditional investment products such as equities. The survey finds the youth taking more interesting in NFTs and Dogecoin.
An independent online surveying and analytical entity namely gamblerspick.com has concluded its recent survey on 30th April 2021. The focus of the survey was to review the youth, particularly Generation Z, regarding their future investment preferences. The findings and conclusions drawn in the survey have been disseminated on 4th June 2021 by Gambler Pick.
“Generation Z” is an expression used to describe the people who will be the youth aged between 6 to 24 years in the present year.
The survey notes that without a doubt Generation Z is more inclined towards advancement and innovation. In the same spirit, they want to see themselves investing in innovative products such as crypto. When they were asked about their views regarding investing in for say equities, they denied outrightly. Instead, they clarified that their preference would be to invest either in Bitcoin or Dogecoin. Interestingly, they were also interested in the NFTs and said that NFT is a better investment vehicle than shares and stocks.
Gambler Pick informed that for ensuring the best possible outcome of the survey, it surveyed at least 872 individuals. Out of these 872, there were some who wanted to see those designing collectives and apparel. So they would want to invest in the collectives rather than any other thing.
However, the majority of Gen Z individuals were specific as to why they would want to invest in crypto. They opined that for centuries institutions have been maintaining their monopolies and the general public is neglected. They want to fight against the system and make sure that the monopoly is ended. For this, they argued that cryptocurrencies should be legalized and there is no need for crypto regulation.
The surveyed respondents also said that the world needs a change because when there is a crisis, the global financial system collapses. There has to be a mechanism that would need to be adopted for ensuring financial instability. They agreed that stimulus packages are not the solution to the problem but instead they will overburden the middle class. They were of the view further that blockchain and crypto are innovative ideas and if properly utilized can be of great help. But the governments are required to first consider the legal and let them become part of the mainstream system.
As regards their evaluation criteria for assessing the investment plans, they denied relying on fundamental and technical analysis. Instead, they said that they would want to rely on the opinions and advice of those who are experienced in the relevant fields. For instance, they talked about Elon Musk and his ability to influence people as well as the whole crypto economy.