Bitget Research Claims 20% of Gen Z and Alpha are Open to Crypto-based Pensions

According to the research division of cryptocurrency exchange Bitget, 20% of Generation Z and Alpha are more willing to receive their pensions in cryptocurrency and prefer crypto for their retirement plans over alternatives such as real estate, private retirement plans, and savings accounts.

The study also found that 78% of respondents trust alternative retirement savings options more than traditional pension systems. And 40% of young adults have already invested in cryptocurrency and are highly interested in digital assets.

However, 73% of respondents admitted they did not completely understand how traditional pension funds work.

The study's results represent increasing trust in alternative financial systems and digital money and a clear shift in retirement planning trends among most members of the younger generation, as many do not understand or trust legacy systems.

“This is a wake-up call for the financial industry. Younger generations are no longer content with one-size-fits-all pension systems. They’re looking for modern solutions that give them more control, flexibility and transparency,” said Gracy Chen, CEO of Bitget.

Although younger generations are expressing interest in digital assets, obstacles like crypto volatility and regulatory and security concerns will continue to hinder widespread adoption unless adequately addressed.