Cryptocurrency-focused pension funds are gaining popularity among young adults. A January 16 Bitget Research report indicates that up to 20% of Gen Z and Alpha are open to receiving pensions in cryptocurrency.
Young Interest in Crypto-Based Pension Funds
Bitget's findings reveal that 78% of respondents have greater trust in alternative retirement savings options over traditional pension funds. This reflects a major shift in how new generations view financial planning, gravitating towards decentralized finance solutions.
Benefits and Barriers to Cryptocurrency Investments
The report noted that 40% of Gen Z and Alpha had already invested in cryptocurrency by January 2025. However, barriers to widespread crypto adoption include price volatility, regulatory uncertainty, and cybersecurity threats. "Younger generations are no longer content with one-size-fits-all pension systems," stated Gracy Chen, CEO of Bitget.
Elevated Risks and Solutions for Crypto Security
Cryptocurrency hacks have harmed the industry's mainstream reputation. In 2024, crypto hackers stole over $2.3 billion, a 40% increase from 2023. However, offchain transaction validation could prevent 99% of all crypto hacks and scams, according to Michael Pearl from blockchain security firm Cyvers.
Bitget's research highlights the growing interest of young people in cryptocurrencies and decentralized solutions. However, addressing cybersecurity and regulatory challenges is crucial for broader adoption.
