94% of Crypto Investors are 40 years old or younger , but my 71-year grandpa manages to outperform them all.

My grandpa is an 71-year old retired physics and mathematics professor and crypto enthusiast. He bought his first 10 bitcoins (he told me he sold them just two years later) in 2013 after Crypto got a little more traction in the mainstream media and ever since then he has been on about the mathematical potential of blockchain technology. He is not in it for the money, his retirement benefits are more than enough, but for the tech.

Since he was the only man in his age group invested in crypto I was curious how old crypto investors usually are.

Cryptocurrency buyers breakdown by generation:

Source: https://www.stilt.com/blog/2021/03/vast-majority-crypto-buyers-millennials-gen-z/

Boomers (57+) are only 1,22% of all the crypto investors and the age group from 65+ are probably a fraction from that percentage. Makes me think that older age groups are still not taking this whole thing serious and If they would, the market would probably explode (since they have a lot more capital to invest than millenials for example)

Interestingly enough "even though Gen X buyers only make up 4.9% of all crypto buyers, they bought an average of $9,611 in cryptocurrency over 12 months, or:

• 1.6x more than Gen Z buyers
• 1.1x more than Millennial buyers

Older people — who’ve had more time to advance in their careers and who have access to large lines of credit — have more spending power and disposable income.

How those individuals are spending that money on crypto — especially compared to younger buyers — is a bit surprising, though.

As mentioned above, younger Gen Z and Millenial crypto buyers outnumber older buyers — by ~15x. So, it would be easy to chalk this all up to older investors’ uncertainty about an emerging and potentially volatile market and younger buyer’s willingness to take more risk.

But the data tells a different story.

It shows clearly that, not only are Gen X crypto buyers outspending younger buyers, but also that there’s also a correlation between increasing age and bigger spending on crypto." (Source: https://www.stilt.com/blog/2021/03/vast-majority-crypto-buyers-millennials-gen-z/)

Needless to say for years my family and myself included thought he was crazy and that digital money wouldn't last. As we all know, we were wrong (and looked pretty stupid being wrong) and in 2018 I joined him in his crypto journey. Luckily he was very knowledgable to the point that I am lost more than a few times when I visit him, but his investment advice has so far always been solid and our mutual interest has also been good for our relationship. And even though he is not in it for the money, he has made quite good gains.

Do you know any older folk that are into Crypto ?