According to the results of the research conducted by the crypto money exchange Gate TR in order to offer better products and services to Turkish users, the majority of crypto money investors in Turkey are young. Gate TR Marketing and Business Development Director Didem Gülyuva explained the reasons behind young people's interest in cryptocurrencies.
Global cryptocurrency exchange Gate TR recently shared with the public the results of its research on the Turkish cryptocurrency market in a report. According to the report shared by the stock market, nearly 4,5 million people, which corresponds to 4 percent of the population in Turkey, are classified as crypto users. On the other hand, the majority of these 4 million are young people. So much so that while crypto users aged 45 and over receive only 10% of the total, those aged 25-44 make up 71 percent of crypto money investors. Those between the ages of 18-24 receive a 20 percent share of the total crypto money investors. GateTR Marketing and Business Development Director Didem Gülyuva examines the reasons behind the Turkish youth's interest in cryptocurrencies.
technological aptitude
Cryptocurrencies stand out today not only as a financial instrument, but also as a technological development. Today, young people adapt and internalize almost every technological innovation that enters our lives. This is actually one of the main reasons underlying the intense youth interest in cryptocurrencies. Young people can easily integrate the philosophy and technology underlying cryptocurrencies into their lives. On the other hand, the potential areas where this technology will be used in the future create a desire to adapt today. Blockchain technology plays a big role in the concentration of interest in cryptocurrencies. This technology, which can also be used in different sectors and business areas, gives positive signals about the future place of cryptocurrencies.
interest in innovation
Today, there is a constant change in many areas of life. People under middle age seem to be both part of and benefiting from this process of change. When we look at it again, cryptocurrencies actually represent a symbolic innovation for the basic money phenomenon. Young people may also be interested in cryptocurrencies due to both the place money has in this digital environment and the innovations brought by blockchain technology. In addition, the recent increase in the place of Web 3, NFT and metaverse on the agenda can arouse excitement in many people, as it indicates a change that can be experienced with cryptocurrencies in the future.
Inflation
Inflation has been at a high level in Turkey lately. In response to this situation, many young people are turning to cryptocurrencies in order to protect their purchasing power. Both students and young people who have entered the business life are trying to both create an additional income in the current period and invest in the future by using their savings within their own budgets in crypto money. On the other hand, the high course of inflation directly affects the risk understanding of young crypto money investors. Investors do not hesitate to take risks in their investments in order to obtain a real return against inflation.
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