20% of Gen Z, Alpha sees crypto as a retirement option: Report
Cryptocurrency-focused pension funds are attracting increasing attention from young adults, reflecting a shift in how new generations view digital asset investments.
A Bitgate research report shared with Cointelegraph on January 16 shows that up to 20% of Gen Z and Alpha are open to receiving their pensions in cryptocurrency.
Moreover, 78% of respondents expressed more confidence in “alternative retirement savings options” than traditional pension funds.
The findings show a significant shift in how younger generations view financial planning, the report said.
“Many are skeptical of the old systems and are moving towards decentralized finance and blockchain-based solutions.”
20% of Gen Z and Alpha are open to crypto retirement. Source: Bitget Research
Bitget's findings indicate a growing preference among young people to seek decentralized finance and blockchain-based solutions.
The report stated that 40% of individuals in these age groups had already invested in cryptocurrency since January.
Industry insiders predict another year of crypto adoption, especially among institutional and retail investors, thanks to increased regulatory transparency and rising cryptocurrency valuations.
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“Wake-up call for the financial industry”.
The survey findings are “a wake-up call for the financial industry,” Bitgate CEO Gracie Chen said in the report.
“Younger generations are no longer satisfied with one-size-fits-all retirement systems. They are looking for modern solutions that give them more control, flexibility and transparency.”
Despite the high interest, the report acknowledges three key barriers to widespread crypto adoption: Price volatility, regulatory uncertainty and cyber security threats.
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Cryptocurrency hacking has been particularly damaging to the industry's reputation in recent years.
In the year Crypto hackers stole more than $2.3 billion worth of digital assets in 2024, a 40 percent increase from the $1.69 billion stolen in 2023, according to Cointelegraph.
Funds lost per attack vector. Source: Syvers
Access control vulnerabilities accounted for $1.9 billion worth of theft in 2024, or more than 81% of the total amount lost to crypto hacks, covered by 67 cybersecurity incidents.
Still, verifying the authenticity of off-chain transactions can prevent 99% of all crypto hacks and fraud, according to Michael Pearl, vice president of GTM strategy at blockchain security firm Sievers.
Michael Perl of Syverse, interview with Zoltan Vardai of Cointelegraph. Source: YouTube
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