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Millennials are showing a greater interest, but adoption cuts across all age groups according to Kraken chief product officer Jeremy Welch.
Jeremy Welch, the chief product officer at cryptocurrency exchange Kraken says that it’s not just millennials who are most interested in crypto, noting that adoption is instead widespread even in the older generations.
Welch said this in an interview in which he shared his outlook of the crypto space going into 2022.
The comments come at a time when a new survey showed millennials loved cryptocurrencies and that more than three-quarters of millennial millionaires said they made their wealth in crypto and other blockchain projects.
Crypto adoption cuts across all age groups
Asked about Kraken’s plans and tools targeted at having more of the older generations enter the crypto space, Welch noted that it’s not just millennials. He said Kraken has seen “passionate” customers right across the age groups- from Gen X to Gen Z, and even baby boomers.
He also added that the interest does not just cut across the age groups, but across all backgrounds, with adoption registered from customers in over 170 countries.
Welch says there’s “a lot of excitement” for cryptocurrencies and Bitcoin (BTC), Shiba Inu (SHIB), and Dogecoin (DOGE). He also points to greater interest in staking amongst all these groups of investors, saying that Kraken recorded a 900% growth in staking among its customers.
Notably, Kraken has acquired the staking platform Staked in a deal worth an undisclosed amount the firm's CPO noted he could comment about.
Bitcoin here to stay and NFTs was a big boon this year
Commenting on the broader crypto sector, he said the technology continues to grow and new
