A survey by Hong Kong’s brokerage agency Futu reveals that Gen Z is extremely optimistic about crypto, seeing 3 times extra potential in Bitcoin than in actual property.
A brand new survey by Hong Kong brokerage agency Futu Securities reveals that Gen Z is rewriting the monetary playbook. As an alternative of chasing the normal dream of homeownership, this era is betting massive on Bitcoin (BTC) and different tokens. In keeping with the survey, Gen Z is 3 times extra optimistic about crypto than actual property, signaling a significant shift in how they view monetary safety.
Hong Kong’s newspaper The Commonplace, citing information revealed by brokerage agency Futu Securities, reveals the standout discovering: 23% of Gen Z respondents really feel safer with simply two Bitcoin of their portfolio than with HK$1 million (roughly $128,400) for a down cost on a house. In a metropolis the place property has at all times been a logo of wealth and stability, the change in mindset is critical.
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And there’s good motive for the optimism. Bitcoin surged 125% in 2024, breaking the $100,000 mark in December earlier than settling round $97,000. In the meantime, Hong Kong’s property market has struggled to ship the identical degree of returns. With numbers like these, it’s no shock that digital property have gotten a best choice for the youthful era.
For 45% of Gen Z respondents, the comfort and safety of crypto investments outweigh conventional property like actual property. It’s not simply in regards to the returns — it’s about flexibility. Cryptocurrencies supply a degree of freedom that property possession merely can’t match.
Financial uncertainty shifts focus
Hong Kong residents aren’t feeling too safe about their funds. On common, they charge their monetary safety at 6.43 out of 10, in line with the survey. With financial uncertainty looming massive, greater than half of respondents are turning to investments to generate passive earnings.
Excessive earners, specifically, are diving headfirst into numerous and riskier property.
- 25% have greater than 5 earnings streams.
- 34% make investments over half their earnings.
- 42% have invested in cryptocurrencies, with 66% seeing income.
It’s clear that prime earners are main the cost, however Gen Z is following shut behind.
Generational shift
The youthful era is shaping a brand new narrative round wealth. For a lot of Gen Z, proudly owning property isn’t the dream anymore. As an alternative, holding “two BTCs” seems like a greater wager for monetary safety.
The newspaper notes that the sentiment isn’t nearly chasing returns, it’s additionally about optimism. Gen Z sees a brighter future for digital property. They’re excited in regards to the potential of crypto, with some saying it presents freedom and suppleness that conventional property can’t match.
But it surely’s not simply the youngsters. 77% of Gen X — these born between 1965 and 1980 — who’re already investing in cryptocurrencies share an optimistic outlook, notably about Bitcoin’s long-term potential.
In a commentary to crypto.information, Vivien Wong, companion liquid fund at HashKey Capital, mentioned the shift of traders’s mindset unveils a “charming interaction of influences.”
“Whereas the tech-savvy souls are undoubtedly drawn to the digital charms of Bitcoin, with its decentralized attract and futuristic enchantment, the fluctuating property worth in Hong Kong’s actual property market within the current few years can’t be neglected. It’s as if the youthful era, armed with smartphones and coding languages, is spearheading a monetary revolution, the place the attract of digital property clashes with the property market.”
Vivien Wong
Wong famous that the affect of Gen Z extends “past social media traits and trend decisions” because the era holds “important disposable earnings” and reshapes “cultural traits and monetary paradigms.”
“Aligned with values similar to transparency, inclusivity, and digital native tooling, Bitcoin resonates with Gen Z’s rules, poised to additional increase the cryptocurrency economic system. This shift not solely underscores the altering dynamics of wealth accumulation, but in addition hints the custom meets innovation within the these days monetary.”
Vivien Wong
The Futu report reveals that diversification is vital. Shares and cryptocurrencies are the most well-liked asset lessons for progress. U.S. inventory buying and selling volumes on Futu’s platform shot up by 88% in 2024, with sectors like AI, renewable vitality, and healthcare main the cost.
As Alan Tse, Futu’s managing director, places it “digital property have gotten a necessary a part of fashionable portfolios.” Because of this, the shift isn’t nearly investments. It’s a few change in how Hong Kongers view monetary safety.
Learn extra: Hong Kong building agency Ming Shing invests $47m in Bitcoin to spice up liquidity
