A survey by Hong Kong’s brokerage agency Futu reveals that Gen Z is very 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 technology is betting massive on Bitcoin (BTC) and different tokens. In line with the survey, Gen Z is 3 times extra optimistic about crypto than actual property, signaling a serious shift in how they view monetary safety.
Hong Kong’s newspaper The Customary, 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 fee on a house. In a metropolis the place property has at all times been an emblem of wealth and stability, the change in mindset is critical.
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 technology.
For 45% of Gen Z respondents, the comfort and safety of crypto investments outweigh conventional property like actual property. It’s not simply concerning the returns — it’s about flexibility. Cryptocurrencies provide 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 price their monetary safety at 6.43 out of 10, in accordance with the survey. With financial uncertainty looming giant, greater than half of respondents are turning to investments to generate passive revenue.
Excessive earners, particularly, are diving headfirst into numerous and riskier property.
- 25% have greater than 5 revenue streams.
- 34% make investments over half their revenue.
- 42% have invested in cryptocurrencies, with 66% seeing earnings.
It’s clear that top earners are main the cost, however Gen Z is following shut behind.
Generational shift
The youthful technology 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 guess 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 concerning the potential of crypto, with some saying it provides freedom and adaptability that conventional property can’t match.
But it surely’s not simply the children. 77% of Gen X — these born between 1965 and 1980 — who’re already investing in cryptocurrencies share an optimistic outlook, significantly about Bitcoin’s long-term potential.
In a commentary to crypto.information, Vivien Wong, associate liquid fund at HashKey Capital, stated the shift of traders’s mindset unveils a “captivating interplay of influences.”
“While the tech-savvy souls are undoubtedly drawn to the digital charms of Bitcoin, with its decentralized allure and futuristic appeal, the fluctuating property price in Hong Kong’s real estate market in the recent few years cannot be overlooked. It’s as if the younger generation, armed with smartphones and coding languages, is spearheading a financial revolution, where the allure of virtual assets clashes with the property market.”
Vivien Wong
Wong famous that the affect of Gen Z extends “beyond social media trends and fashion choices” because the technology holds “significant disposable income” and reshapes “cultural trends and financial paradigms.”
“Aligned with values such as transparency, inclusivity, and digital native tooling, Bitcoin resonates with Gen Z’s principles, poised to further expand the cryptocurrency economy. This shift not only underscores the changing dynamics of wealth accumulation, but also hints the tradition meets innovation in the nowadays financial.”
Vivien Wong
The Futu report reveals that diversification is vital. Shares and cryptocurrencies are the preferred 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 assets are becoming an essential part of modern portfolios.” Consequently, the shift isn’t nearly investments. It’s a couple of change in how Hong Kongers view monetary safety.