Why Boomers Are Crushing Crypto While Millennials Trip Over Their Own Tweets

The Research Revelation

As cringe-worthy as it is to admit, the older generation is giving millennials a run for their money in the crypto arena. According to fresh findings from a collaboration between an exchange and a consumer research firm, boomers are outdoing younger investors in the due diligence department. A whopping 34% of them dive in deep with a few days of research before investing. In contrast, only 36% of younger investors get their act together and actually “do their own research” (DYOR) at all.

Chasing the Right Information

Surprisingly, while many millennials are busy following trends and obsessing over website aesthetics, boomers are parking their interest on hard, cold technical details. They’re zoning in on tokenomics, revenue streams, and the competitive landscape—basically all the stuff that could prevent them from buying into yet another meme-based crypto scam. Younger investors, on the other hand, might be more enamored by that sparkling website or a founder who looks good on Instagram.

The Time Factor

Is it simply that boomers have more free time on their hands? Maybe they’ve got retirement to thank for their focused study on cryptocurrency. Meanwhile, younger generations are often juggling jobs, side gigs, and, let’s be real, social media scrolling. The takeaway? Humility is key—older generations might have something to teach us about taking our time and doing it right.

Technical Skills vs. Trendy Tactics

You’d think being a digital native would grant younger folks an edge, but when it comes to crypto analysis, it appears that just knowing how to tweet doesn’t cut it. Understanding concepts like circulating supply vs. max supply? Critical. Volume analysis? Essential. Boomers, who have been crunching numbers long before our emojis were invented, seem to have an inherent advantage here, applying their finance skills to crypto data like pros.

Community vs. Value

Let’s not completely gloss over narrative and community—these factors fuel the crypto world like gas on a fire. After the FTX fallout, decentralized trading platforms like GMX and Gains rode the wave of pro-decentralization sentiment. But beware, the younger generation’s reliance on social media may cloud their judgment, and that’s where boomers’ straightforward, fact-based approach shines the brightest.

The Bottom Line

In the wild world of cryptocurrency, the preference for traditional investing due diligence is a game-changer. Those who invest with patience and provide ample groundwork tend to yield higher returns. So next time you’re fumbling through your investment options, perhaps check in with your parents or grandparents. They might just have the winning formula you’ve been looking for—just don’t forget to ask them to explain the blockchain in simple terms while you’re at it!