Survey reveals that Gen Z in Hong Kong prefers Bitcoin over real estate

A survey conducted by Hong Kong-based financial brokerage Voto reveals that Generation Z is highly optimistic about cryptocurrencies, seeing three times more potential in Bitcoin than in real estate.

A new survey by Hong Kong brokerage Futu Securities shows that Generation Z is rewriting the rules of the financial game. Instead of chasing the traditional dream of home ownership, this generation is betting big on Bitcoin (Bitcoin) and other symbols. According to the survey, Generation Z is three times more optimistic about cryptocurrencies than real estate, indicating a major shift in how they view financial security.

The Standard newspaper in Hong Kong, citing data revealed by the financial brokerage company Photo Securities, reported: reveals Notable finding: 23% of Gen Z participants feel more secure with just two Bitcoins in their wallet compared to HK$1 million (about US$128,400) as a down payment on a home. In a city where property has always been a symbol of wealth and stability, a change in mindset is important.

There is good reason for optimism. Bitcoin rose by 125% in 2024, breaking the $100,000 barrier in December before settling at about $97,000. Meanwhile, Hong Kong’s real estate market has struggled to achieve the same level of returns. With numbers like these, it is no surprise that virtual assets are becoming the top choice for the younger generation.

For 45% of Gen Z respondents, the convenience and security provided by cryptocurrency investments outweighs traditional assets like real estate. It’s not just about returns, it’s about flexibility. Cryptocurrencies provide a level of freedom that cannot be matched by real estate ownership.

Economic uncertainty changes focus

Hong Kong people do not feel very secure about their finances. On average, they rated their financial security at 6.43 out of 10, according to the survey. With increasing economic uncertainty looming, more than half of survey respondents are turning to investments to generate passive income.

High-income earners, in particular, are diving into diversified and riskier assets.

• 25% have more than five sources of income.
• 34% invest more than half of their income.
• 42% invested in cryptocurrencies, and 66% made profits.

It’s clear that high-income earners are leading the charge, but Generation Z follows right behind them.

Generational shift

The younger generation is crafting a new narrative around wealth. For many Gen Z, owning real estate is not the dream anymore. Instead, holding “a couple of bitcoins” seems like a better bet for financial security.

The newspaper points out that sentiment is not only about chasing returns, but also about optimism. Generation Z sees a brighter future for virtual assets. They are excited about the potential of cryptocurrencies, with some saying they offer freedom and flexibility that traditional assets cannot match.

But it’s not just children. The 77% of Generation

Commenting on crypto.news, Vivian Wong, Liquidity Fund Partner at HashKey Capital, said the shift in investor mindset unveils a “captivating interplay of influences.”

“While tech-savvy souls are undoubtedly drawn to the digital magic of Bitcoin, with its decentralized appeal and future-proof appeal, the volatile property prices in the Hong Kong property market in the last few years cannot be overlooked. It is as if the younger generation Armed with smartphones and programming languages, he leads a financial revolution, as the allure of virtual assets collides with the real estate market.

Vivian Wong

Wong noted that Generation Z’s influence extends “beyond social media trends and fashion choices” as the generation has “significant disposable income” and is reshaping “cultural trends and financial models.”

“In keeping with values ​​such as transparency, inclusivity, and native digital tools, Bitcoin aligns with the principles of Generation Z, and is poised to further expand the cryptocurrency economy. This shift not only highlights the changing dynamics of wealth accumulation, but also signals the confluence of tradition and innovation in the financial sector in Present time.

Vivian Wong

The FOTO report shows that diversification is key. Stocks and cryptocurrencies are the most popular asset classes for growth. US stock trading volumes on Futu rose 88% in 2024, with sectors such as artificial intelligence, renewable energy and healthcare leading the way.

In the words of Alan Tse, managing director of Foto, “digital assets are becoming an essential part of modern wallets.” As a result, transformation is not just about investments. It’s about a change in how Hong Kong people view financial security.