The images are from the same company.
It seems that people with the stomach are getting into the world of altcoins. Doge and shiba inu have produced some eye-watering returns.
It's no surprise then that investors are flocking to the space with dreams of quick wealth, and Gen Z investors in particular think that the space will make them millionaires, according to a recent study by Engine Insights.
The Gen Z respondents believe they could become wealthy by investing in cryptocurrencies.
"This generation has a greater acceptance and comfort with all things digital, so it's not surprising that they would be more comfortable with the digital currency," Kathy said. "This generation has a lot of concerns about finances and debt."
The rising costs of real estate and college education could be to blame. Inflation reaching 30-year highs has only reinforced the appeal of the digital currency.
"They feel that it is harder for them to make ends meet than it was before," she said. It's not surprising that they are hoping for a quick fix or return, they have an appetite for risk.
Gen Z, a group of about 72 million people in the US born between 1997 and 2012 is the most diverse generation in American history.
This generation is pro-government and activist-minded. They have grown up in a time of cultural moments including #MeToo and the post-George Floyd era, weathering a disruptive global pandemic on top of it all.
Gen Z respondents are three times more likely to buy digital assets than baby boomers, and twice as likely to consider virtual currency as alegit currency, according to a survey.
The market has generally been higher this year. The market value of the cryptocurrencies hit $3 trillion.
Since the beginning of the year, ether has gained 480% while the other has gained 100%. Dogecoin has risen 4,835% year-to-date and shiba inu has risen 640,000%.
Many retail investors poured multiple rounds of government checks into stocks and cryptocurrencies, helping to fuel the surge in both markets.
Business Insider has an original article.
