Gen Z Ditches Legacy Banks for Crypto Control 🚀
A 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.
The Breakdown:
Trust Divide: 22% of Gen Z now trust crypto more than traditional banks, compared to just 5% of Baby Boomers.
Mass Adoption: Nearly 50% of Gen Z have used crypto platforms, with over 37% currently owning digital assets.
Ownership Era: 56% of young users prefer self-custody, choosing to manage their own private keys rather than trusting third-party institutions.
The "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.
Social Media Post 📱
Gen Z is officially rewriting the rules of money! 💸
According to the latest from Protocol Theory, the "Bank vs. Crypto" debate is over for younger Americans. They aren't just speculating; they’re looking for control.
The Stats:
✅ 1 in 2 Gen Zers have used crypto platforms.
✅ 22% trust code over traditional bank vaults.
✅ 56% choose self-custody over middle-men.
While 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."