This is a significant shift from the previous studies that indicated it was mostly adopters in their 30s and 40s embracing these new assets. The shift is not all too surprising though as older generations tend to rely on the wisdom of mainstream bankers.
Younger traders, though, were born into blockchain and they are far more inclined to believe in it as a rule of thumb. According to BitFlyer, in the United States, the number of traders in their 20s went up by 14 per cent in the first half of 2018.
Surprisingly, though, the younger trader generations soared to 32 per cent in Q1 and Q2 this year, based on a survey involving 539 users completed between August 7- 24. Based on BitFlyer data, traders who registered in Japan and Europe, where the company operates as well, were also younger.
A similar trend was observed in those markets as well with the spikes coming in Q1 2020. According to BitFlyer, some 60 per cent of all traders prefer to stick with Bitcoin as opposed to other cryptocurrencies.
Another interesting aspect of the survey conducted by BitFlyer was to disprove the claim that crypto traders were out of their depth. In fact, close to 49 per cent of all traders had marked long term gains.