Although its popularity has diminished compared to a few months ago, the cryptocurrency market continues to be a preferred choice for many as an investment instrument. The case surrounding Sam Bankman-Fried, the CEO and founder of FTX, one of the cryptocurrency asset trading service providers, has left many wavering and deciding to sell their digital currency assets.

However, the majority of cryptocurrency users belong to Generation Z or those aged between 18 and 25. According to a report released by Henley & Partners, there are 425 million digital currency users worldwide, and half of them are from Generation Z.

Despite this sizable number, many in the public do not understand whether to use cryptocurrency as an investment instrument or for trading purposes. In a survey conducted by Pew Research, 45% of respondents mentioned that their cryptocurrency investments did not meet their expectations.

The Henley & Partners report itself indicates that there are only 88 thousand people with cryptocurrency assets worth a minimum of 1 million dollars, accounting for less than 1% of the total owners. Half of them, or 40 thousand people, choose to invest in Bitcoin. Meanwhile, the number of individuals with cryptocurrency assets exceeding 1 billion dollars is only 22.

Differences in regulations in each country also affect the adoption and use of digital currency. The Henley & Partners report also mentions that Singapore, Switzerland, and the United Arab Emirates are among the countries that are frequently targeted by cryptocurrency investors.

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