Bitget Token

<p>A recent report by Bitget, the Seychelles-headquartered crypto exchange, sheds light on the growing trend of copy trading among younger investors, particularly Gen Z.</p><h2 id="header-0">44% under 25</h2><p>The report,<a href="https://www.bitget.com/blog/articles/bitget-copy-trading-report" rel="noopener noreferrer nofollow"> released</a> on Thursday, reveals that an impressive 44% of all copy traders on the platform are under the age of 25, indicating a strong inclination among this generation towards this type of investment and trading strategy.</p><p>Copy trading, or social trading, involves emulating the trading activities of established investors. Bitget’s findings indicate that the younger demographic is more receptive to this approach, with individuals aged 25 to 35 constituting just under one-third of all copy traders. Comparatively, individuals aged 35 to 55 represented 17% of copy traders, while those over 55 constituted a mere 7%.</p><h2 id="header-1">Reliance on influencers</h2><p>Interestingly, this trend aligns with Generation Z’s penchant for seeking advice from social media influencers. Bitget’s report highlights that Gen Z’s tendency to turn to these influencers for investment decisions could be a driving factor behind their affinity for copy trading.</p><p>A<a href="https://www.forbes.com/advisor/investing/financial-advisor/adults-financial-advice-social-media/" rel="noopener noreferrer nofollow"> survey</a> by Forbes Advisor in January found that approximately 80% of both Gen Z and millennials rely on financial advice from social media platforms. Notably, platforms like YouTube, Reddit, and TikTok have gained their trust, with half of the respondents claiming to have profited from advice received.</p><p>The report also reinforces crypto’s status as the preferred investment choice among Gen Z. A<a href="https://www.cfainstitute.org/en/about/press-releases/2023/finra-cfa-institute-gen-z-research" rel="noopener noreferrer nofollow"> joint study</a> by the CFA Institute and the Financial Industry Regulatory Authority (FINRA) Foundation in May revealed that crypto was the most popular investment option for Gen Z in the United States, a striking 44% of Gen Z investors initiated their investment journey with cryptocurrencies, surpassing the 35% of millennials who did the same.</p><h2 id="header-2">Geographical differences</h2><p>The trend extends beyond the US, with 43% of British and 35% of Canadian Gen Z investors indicating crypto as their inaugural investment.</p><p>Geographically, Bitget’s report showcases intriguing patterns among its copy-trading user base. While nearly a third of users hail from Western Europe, almost half originate from East or Southeast Asia. This distribution highlights the global reach of the platform and the appeal of copy trading across diverse regions.</p><p>Of note, despite constituting only 1% of Bitget’s global copy traders, a remarkable 62% of African users expressed interest in copy trading. This proportion stands as the highest among all regions surveyed, reflecting a growing appetite for innovative investment methods on the African continent.</p><p>Bitget’s report underscores the evolving landscape of investment practices, with Generation Z at the forefront of embracing new approaches like copy trading. It also builds on prior initiatives and research undertaken by the firm. In May Bitget<a href="https://medium.com/&#64;coinness.gl/bitget-launches-blockchain4youth-project-f49cbe31dca4" rel="noopener noreferrer nofollow"> launched</a> a corporate social responsibility (CSR) project titled “Blockchain4Youth.” That initiative revealed that Bitget understands that the younger generation is where the greatest opportunity for mass market adoption lies for crypto and Web3.</p><p>As the influence of social media on financial decisions continues to rise, the crypto industry may see further shifts in investment patterns and strategies among different demographic groups.</p>

Bitget Report Finds Gen Z Dominates Crypto Copy Trading

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