Gen Z Ditches Legacy Banks for Crypto Control đ
âA new study by Protocol Theory reveals a massive generational shift in the US financial landscape. Driven by a desire for transparency and agency, Gen Z is moving away from traditional banking in favor of decentralized assets.
âThe Breakdown:
âTrust Divide: 22% of Gen Z now trust crypto more than traditional banks, compared to just 5% of Baby Boomers.
âMass Adoption: Nearly 50% of Gen Z have used crypto platforms, with over 37% currently owning digital assets.
âOwnership Era: 56% of young users prefer self-custody, choosing to manage their own private keys rather than trusting third-party institutions.
âThe "Why": Protocol Theory CEO Jonathan Inglis notes that younger Americans feel "shut out" of the legacy economy, leading them to seek systems where they can verify transactions themselves.
âSocial Media Post đ±
âGen Z is officially rewriting the rules of money! đž
âAccording to the latest from Protocol Theory, the "Bank vs. Crypto" debate is over for younger Americans. They aren't just speculating; theyâre looking for control.
âThe Stats:
â 1 in 2 Gen Zers have used crypto platforms.
â 22% trust code over traditional bank vaults.
â 56% choose self-custody over middle-men.
âWhile older generations remain skeptical, Gen Z is building a future based on transparency and self-sovereignty. The legacy system is being challenged by a generation that values "verify, don't trust."