Recent data shows that people born between 1997 and 2012—known as Gen Z—now account for 28% of all cryptocurrency users worldwide. This shift highlights how younger generations are changing the way they save and invest their money.
Why Gen Z Loves Crypto
Gen Z grew up with smartphones and social media. They often look for online tools to manage money and see crypto as a modern option. Cryptocurrency is digital money secured by technology called blockchain. Blockchain is a record-keeping system that makes transactions hard to tamper with.
What It Means for Your Wallet
If you’re younger, you might feel pressure to join in. Crypto can earn big gains, but it can also drop in value quickly. This rise and fall is called volatility. Volatility means prices change a lot over a short time. For taxes, any profit you make selling crypto is usually counted as income. That means you may owe taxes on your gains.
Smart Steps for Crypto Newbies
1. Start small. Only use money you can afford to lose. 2. Learn the basics. Understand fees—small charges for buying and selling crypto—before you begin. 3. Diversify. Don’t put all your money into one coin or type of investment. 4. Keep records. Save receipts and transaction history to make tax time easier.
Whether you’re in Gen Z or older, understanding risk, fees, and taxes can help you make smarter decisions with crypto.
Crystal L. Gunn is a Financial Healer, Licensed Life Insurance Producer, and founder of the Financial Wisdom Institute, the Archer Wealth Group, and the Amazing Woman Network. She helps individuals and communities heal their relationship with money through a liberatory, ancestral, and somatic lens. Ready to discover which financial wound has been running your money? Visit financialwisdominstitute.com/liberation-tools
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