A new generation of investors is drawing crypto deeper into mainstream portfolios, even as it grapples with the asset class’s well-known volatility. Gen Z’s appetite for risk and its digital-native approach to money are shaping both the demand for cryptocurrencies and the conversation around how to manage that risk within a diversified portfolio. Findings from survey data and market commentary point to a multi-faceted dynamic: strong interest in crypto, tempered by an awareness of risk and a heavy influence from social platforms and online narratives.

According to Betterment’s 2025 Retail Survey, 64% of Gen Z and 49% of millennials say they are willing to take on more investment risk. This willingness to push the envelope aligns with a broader tilt toward crypto among younger cohorts. Separately, YouGov’s 2025 US Investment Trends report highlights that nearly two-thirds of Gen Z plan to invest in cryptocurrencies like Bitcoin this year, underscoring crypto’s rising status as a core consideration for younger investors. The combination of greater risk tolerance and a crypto-forward mindset suggests a structural shift in how Gen Z approaches wealth-building, beyond mere speculation.

That said, the Gen Z approach is not blind to risk. Crypto volatility remains a central concern for many, and the generation is keenly aware that price swings occur around the clock. Investopedia notes that while crypto is widely recognized as risky and volatile, many Gen Z investors continue to participate, viewing volatility as part of an entry price rather than a barrier to participation. In other words, recognition of risk does not appear to suppress the impulse to participate; it may even be embedded in the way they frame potential returns.

Key takeaways

• 64% of Gen Z and 49% of millennials are willing to take on more investment risk, according to Betterment’s 2025 Retail Survey.
• YouGov’s 2025 US Investment Trends report finds that nearly two-thirds of Gen Z intend to invest in cryptocurrencies this year.
• 84% of Gen Z acknowledge that cryptocurrencies are risky and volatile, yet they continue to invest, signaling a structural willingness to tolerate risk for potentially outsized gains.
• Financial FOMO drives behavior: about 70% of Gen Z report feeling financial FOMO while scrolling social media, and roughly half have made an investment influenced by that feeling, often in crypto or memecoins.
• For many young investors, crypto remains a digital-native asset class with appeal tied to high-growth narratives, but concerns about transparency and regulation persist as the market evolves.

Gen Z’s risk calculus in a digital era

Crypto’s appeal to Gen Z appears inseparable from the broader online ecosystem that shapes their financial world. Gen Z has grown up with the internet, digital wallets, and instant access to markets, which makes digital assets feel native rather than futuristic. The survey data illustrate a generation that is comfortable testing new assets, even as it calibrates its risk exposure to reflect a volatile, 24/7 market environment. The correlation between online influence and investment behavior becomes especially salient when considering how financial guidance is consumed. A notable share of younger investors turns to social platforms for insights, which elevates the importance of evaluating the quality and accountability of information accessed through these channels.

One dimension often cited in this context is how young investors source financial advice. Kiplinger’s coverage notes that about one in four Gen Z Americans obtain financial guidance from TikTok, a statistic that signals the growing role of “finfluencers” in shaping investment decisions. That dynamic, combined with the rapid dissemination of memes and viral narratives, helps explain why certain crypto stories gain outsized attention—even when the underlying fundamentals are murkier than traditional investment vehicles. In this environment, investors must balance curiosity with due diligence and a clear understanding of risk rewards.

Volatility, FOMO and the memecoin cycle

Volatility remains the price of admission for crypto, and Gen Z is not naïve about it. The generation’s understanding of risk reflects a paradox: while they recognize the inherent instability of digital assets, they are drawn by the prospect of outsized profits in a relatively new asset class. The tension between risk awareness and aspirational returns is compounded by social dynamics. Empower’s research on financial FOMO shows that 70% of Gen Z feel this pressure while scrolling social media, and a CFA Institute study cited in the broader discussion indicates that about 50% of Gen Z investors say they have made an investment driven by FOMO, often in crypto or memecoins. In other words, fear of missing out is translating into real capital allocation decisions, particularly toward assets that can deliver rapid visibility and engagement on social platforms.

The memecoin phenomenon sits at the intersection of virality, community hype, and speculative appetite. These tokens are designed to capture attention and momentum, delivering quick, event-driven price action that can attract new participants while amplifying the narrative around crypto’s potential. While this dynamic can drive activity and liquidity, it also raises questions about sustainability, risk management, and the long-term viability of such assets in a diversified portfolio. The cycle—rapid gains followed by swift corrections—has repeatedly underscored the risks associated with chasing headlines rather than fundamentals. As a result, even as crypto admissions rise among younger cohorts, memecoins can reinforce a broader skepticism about the safety and reliability of digital assets as a standalone investment thesis.

Beyond the hype, the behavioral profile of Gen Z investors highlights a broader diversification conversation. Some observers point to crypto as a potential portfolio diversifier, particularly as parts of the traditional market landscape exhibit different risk and return drivers. Yet the same conversations underscore real caveats: during periods of systemic stress, crypto has shown correlations with high-growth equities and even, at times, with traditional safe-haven narratives like gold. That raises practical questions for portfolio construction: if crypto participates in downside markets or moves in tandem with riskier equities, its diversification benefits may be more nuanced than initially assumed. For any investor, understanding when crypto serves as a genuine diversifier versus when it behaves as a high-beta, risk-on asset is essential to avoid overexposure or misaligned expectations.

Another critical theme is the lack of universal transparency and a clear regulatory framework across crypto markets. As a technology- and asset-class experiment in real-time, digital assets have not always benefited from the disclosures and governance that accompany traditional securities. MDPI’s analysis of cognitive biases, including the Dunning-Kruger effect, suggests that younger investors may overestimate their understanding of crypto and underestimate the risks, underscoring the need for robust education and clear regulatory guardrails. In the absence of consistent reporting standards and enforcement, the allure of quick profits can eclipse prudent risk assessment, increasing the likelihood of regrettable losses for inexperienced participants.

Regulation, transparency and the road ahead

While Gen Z’s crypto engagement signals a maturation of digital assets within the retail space, observers agree that regulatory clarity and improved transparency are critical for sustaining long-term participation. The tension between a rapidly evolving technology stack and the slower, more deliberate pace of policy development creates a dynamic where innovation can outpace guardrails, at least in the near term. As policymakers and industry participants negotiate better disclosure, custody standards, and product-level protections, the trajectory of Gen Z’s crypto involvement will hinge on how effectively those guardrails translate into real-world investor protections without stifling innovation.

Some researchers and market observers frame this moment as a test of crypto’s legitimacy as an investable asset class for a new generation. If regulators deliver calibrated, investor-centric rules and platforms improve transparency, crypto could expand from being a niche interest to a more mainstream, risk-aware component of diversified portfolios. Conversely, persistent gaps in transparency or regulatory uncertainty could amplify the very volatility and hype-driven dynamics that have driven memecoin cycles, potentially eroding trust among young buyers who expect clarity and accountability from market participants.

Related coverage in the broader crypto media ecosystem has noted regulators’ concerns about finfluencers and the need for responsible information dissemination, particularly as Gen Z ownership grows. For readers tracking the evolution of this space, pay attention to shifts in regulatory posture, custody and exchange standards, and how platforms adapt to the dual pressures of innovation and investor protection. As the market evolves, the balance between opportunity and risk will likely redefine crypto’s role in Gen Z portfolios.

Investors should watch how education, transparency, and policy alignment impact Generation Z’s crypto participation. The coming months may reveal whether this generation’s early-adopter behavior becomes a durable, risk-aware investment habit or whether volatility and information gaps pull the brakes on broader adoption.

Alex Tsepaev, chief strategy officer at B2PRIME Group, offers this perspective: crypto’s journey into mainstream investing is less about a single narrative of boom-and-bust and more about how a new generation learns to navigate risk, trust, and accountability in a rapidly changing financial landscape.

This opinion piece reflects the author’s view and is not an endorsement of any specific asset. Readers should conduct their own research and consider regulatory developments, platform protections, and risk management practices before making investment decisions.

Cameron and Tyler Winklevoss lent their own crypto exchange, Gemini, thousands of bitcoin (BTC) and ether (ETH) through Winklevoss Capital Fund (WCF), their private investment company. Gemini then pledged that crypto as collateral with Galaxy Digital and NYDIG to raise dollar loans. 

When the exchange went public in September 2025 at $28 per share, it converted $695.6 million of WCF debt into super-voting Class B stock at a 20% discount, giving the twins 94.7% of Gemini’s voting power.

Gemini’s 10-K, filed yesterday, spelled out the entire structure. Social media users have called it a circular scheme.

The Winklevoss Capital Fund lending carousel

Here’s the basic tale of how the money flowed. The Winklevii’s WCF lent BTC and ETH to Gemini through open-term agreements, i.e. with no fixed maturity. 

Gemini then posted that borrowed crypto as collateral with third-party lenders. Galaxy Digital extended $116.5 million in loans at 11-12% interest rates, collateralized at 145-155%. NYDIG provided $75 million through a repurchase agreement at 8.5%.

Gemini used the dollars for operations and regulatory capital requirements. 

When the IPO closed on September 15, 2025, the exchange repaid Galaxy’s $116.5 million from $456 million in net proceeds from the IPO.

Gemini now trades on the Nasdaq under symbol GEMI.

The exchange also repaid $238.5 million under a warehouse credit facility with Ripple, though $154 million remained outstanding to Ripple at year end.

The twins’ own debt didn’t get cash repayment, however.

Gemini converted $200 million in WCF convertible notes and $475 million in WCF term loans, plus accrued interest, into 31.1 million supervoting Class B shares at $22.40 apiece.

That conversion price was 20% below what retail investors paid for otherwise equivalent Class A shares on the same day.

Class A and B stock differ only in their voting power and ownership distribution. Otherwise, they have the same par value, rights to dividends, and liquidation preference.

Class B shares are convertible into Class A on a one‑for‑one basis.

Retail paid $28 with the Winklevii at $22.40

The discount is where the circularity inflicted pain on regular shareholders. 

WCF lent Gemini crypto. Gemini then pledged the crypto that it had borrowed to get even more loans. Specifically, Galaxy and NYDIG lent Gemini dollars which it used to operate. 

Gemini then handed WCF equity at a discount funded by the same IPO that brought retail in 20% higher.

EUR/USD is recovering losses from 1.1450. USD/JPY is correcting gains from 160.50 and might decline further below 158.00.

Important Takeaways for EUR/USD and USD/JPY Analysis Today

· The Euro struggled to stay in a positive zone and declined below 1.1600 before finding support.

· There is a key bearish trend line forming with resistance at 1.1575 on the hourly chart of EUR/USD at FXOpen.

· USD/JPY rallied significantly before the bears appeared near 160.45.

· There is a major bearish trend line forming with resistance near 159.20 on the hourly chart at FXOpen.

EUR/USD Technical Analysis

On the hourly chart of EUR/USD at FXOpen, the pair started a fresh decline from 1.1640. The Euro declined below 1.1600 and 1.1520 against the US Dollar.

The pair even declined below 1.1500 and the 50-hour simple moving average. Finally, it tested the 1.1445 zone. A low was formed at 1.1443, and the pair is now recovering losses. There was a move above 1.1500 and the 50-hour simple moving average.

The pair surpassed the 50% Fib retracement level of the downward move from the 1.1639 swing high to the 1.1443 low. On the upside, the pair is now facing resistance near the 61.8% Fib retracement and 1.1575. There is also a key bearish trend line forming with resistance at 1.1575.

The first major hurdle for the bulls could be 1.1605. An upside break above 1.1605 could set the pace for another increase. In the stated case, the pair might rise toward 1.1640.

If not, the pair might drop again. Immediate support is near 1.1520. The next key area of interest might be 1.1480 or the 50-hour simple moving average. If there is a downside break below 1.1480, the pair could drop toward 1.1445. The main target for the bears on the EUR/USD chart could be 1.1400, below which the pair could start a major decline.

USD/JPY Technical Analysis

On the hourly chart of USD/JPY at FXOpen, the pair started a steady decline from well above the 160.00 zone. The US Dollar gained bearish momentum below 159.50 against the Japanese Yen.

The pair even settled below 159.00 and the 50-hour simple moving average. A low was formed at 158.44, and the pair is now consolidating losses. On the downside, the first major support is near 158.45.

The next key region for the bulls might be 158.00. If there is a close below 158.00, the pair could decline steadily. In the stated case, the pair might drop toward 156.80. Any more losses might send the pair toward 155.00.

Immediate resistance on the USD/JPY chart is near the 23.6% Fib retracement level of the downward move from the 160.46 swing high to the 158.44 low at 158.90.

If there is a close above 158.90 and the hourly RSI moves above 50, the pair could rise toward 159.20. There is also a major bearish trend line forming with resistance near 159.20. The next major barrier for the bulls could be near the 50% Fib retracement level at 159.45, above which the pair could test 160.00 in the coming days.

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Wall Street asset management giant Franklin Templeton is launching a dedicated cryptocurrency division as it deepens its push into digital assets, anchored by a planned acquisition of crypto investment firm 250 Digital.

The new unit, called Franklin Crypto, will bring together the 250 Digital team and its liquid crypto strategies — previously managed by CoinFund — under one structure aimed at institutional investors, the firm said Wednesday.

Former CoinFund executive Christopher Perkins will lead the division, with Seth Ginns serving as chief investment officer alongside Franklin Templeton digital assets executive Tony Pecore. The group will report to Sandy Kaul, the firm’s head of innovation.

The move builds on Franklin Templeton’s existing digital asset business, which manages about $1.8 billion, and signals a shift toward offering more active crypto investment strategies alongside its current products.

“This is an exciting addition for Franklin Templeton,” CEO Jenny Johnson said, adding that the deal strengthens the firm’s ability to deliver dedicated crypto expertise to clients globally.

The launch of Franklin Crypto reflects a broader trend among large asset managers that are moving beyond passive exposure, such as exchange-traded funds, toward building in-house capabilities.

Perkins said the effort is aimed at meeting that demand. “Crypto’s institutional moment has arrived,” he said, pointing to growing interest from large investors seeking structured exposure to digital assets.

The transaction also includes an experimental element: part of the consideration will be paid using BENJI tokens, linked to Franklin Templeton’s on-chain U.S. Government Money Fund. The fund uses blockchain infrastructure to process transactions and record ownership.

That approach suggests early steps toward conducting mergers and acquisitions using tokenized assets, with settlement occurring more directly on blockchain rails.

The acquisition is expected to close in the second quarter of 2026, subject to approvals and other conditions. Financial terms were not disclosed.

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.

The CoinDesk 20 is currently trading at 1968.28, up 1.0% (+20.29) since yesterday’s close.

Eighteen of 20 assets is trading higher.

Leaders: AVAX (+4.0%) and HBAR (+3.6%).

Laggards: BCH (-2.1%) and BNB (+0.0%).

The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.

Bitcoin (BTC) closed March in green, ending the longest monthly losing streak since 2018. Data suggests that the coming months may prove to be profitable for BTC.

Key takeaways:

• Bitcoin ended March 2% higher, marking the first green monthly close in six months.

• A similar streak in 2018/2019 led to an over 316% BTC price rebound over five months.

• Bitcoin price faces stiff resistance at $70,000-$72,000, where key trend lines converge.

Past multi-month downtrends were followed by 300% price gains

Historical price data from CoinGlass confirms Bitcoin printed its first green monthly candle in six months, closing March 2% higher after five straight months of losses.

“This is a massive dose of hopium,” analyst Ash Crypto said in an X post on Wednesday.

The analyst was referring to a possible shift in momentum, which might lead to a sustained recovery, as seen in previous cycles.

Related: Crypto Fear & Greed Index stuck on ‘extreme fear,’ but is there a silver lining?

The last time this happened was in 2018/2019 when BTC closed February 2019 in green, after six consecutive red months, as shown in the figure below.

This led to a reversal with over 300% returns the following five months, as Bitcoin recovered from the 2018 bear market.

“Last time BTC dumped 6 months in a row, it pumped the following 5 months in a row that came after!” trader Satoshi Flipper said in a Wednesday post on X.

If history repeats itself, the reversal may continue in April, suggesting that BTC price may have bottomed at $60,000.

Bitcoin’s bullish monthly close is a ”catalyst for fresh inflows into early April,” Trader Caleb said, adding:

“April starts with momentum.”

Bitcoin has a well-established tendency for significant price swings in April.

Since 2013, April has been a green month for eight of the past 13 years, with average returns of about 12.2%

However, Bitcoin also tends to move in the opposite direction to March in April, and this is true for nine out of the past 13 years. 

In recent years, Bitcoin dropped in April after closing March in green, three out of four times between 2021 and 2024. 

Therefore, while the end of past multi-month drawdowns suggests a rebound is due, data demonstrates that BTC price could also slide in April.

Watch these Bitcoin price levels next

Data from TradingView shows BTC price up 2.5% on the day to trade at $68,470 as the $69,000-$70,000 resistance remains in place.

Analysts expect Bitcoin’s range-bound price action to continue for longer, with important price levels to look for in case of a breakout. 

These include the $70,000-$72,000 supply zone, coinciding with the 50-day simple moving average (SMA), the 50-day exponential moving average (EMA) and the 1w–1m cohort cost basis. 

This is also where investors acquired approximately 650,000 BTC, marking a potential point of sell pressure, according to the cost-basis distribution data from Glassnode.

Breaking above this level could see BTC/USD revisit the $76,000 range high and eventually the $80,000 psychological level.

Zooming out, trader Sheldon Diedericks said Bitcoin could “push into resistance” at $83,000 on the monthly time frame, a key support level from April 2025. The 200-day EMA is also close to this area.

On the downside, the 200-week EMA at $68,300 and the 200-week SMA at $59,400 remain key levels to watch. Below that, the next major level is Bitcoin’s realized price around $54,000.

As Cointelegraph reported, Bitcoin’s bear market bottom could be formed once BTC price drops toward or below its realized price.