Poll: More Gen Z and boomers in Singapore buying into crypto

Gaining ground: A picture of a person holding a visual representation of bitcoin is seen in this file picture. The approval in the United States of spot bitcoin ETFs has led to a more positive view of the virtual currency. — AFP

SINGAPORE: More young and also older Singaporeans are buying into cryptocurrencies as the market picks up, a crypto index has found.

Crypto adoption among Generation Z, or those aged 18 to 25, has grown to 47% in 2024 from 38% in 2021. The take-up by boomers – those aged over 55 – has risen to 30% from 19% in the same period.