Cryptocurrencies in the family context: trust, information and financial stability

Background: The rapid rise of cryptocurrencies has sparked debate about their role in the financial system, particularly across generations. Objectives: This study aimed to identify and explain differences in attitudes towards cryptocurrencies between Generation Z (students) and Generation Y (their parents) in Poland, focusing on trust in the financial system, perceptions of cryptocurrency value, and visions of the future financial landscape. Methodology: A survey was conducted in June 2023 with 40 students aged 23-24 and one of their parents each (80 total participants). Respondents answered questions about their trust in traditional and crypto finance, views on cryptocurrency potential, and expectations for future financial systems. Results: Generation Z showed significantly greater openness and trust in cryptocurrencies compared to Generation Y. The younger generation was more likely to view cryptocurrencies as inflation hedges and potential components of future payment systems. Generation Y demonstrated higher trust in the current financial system and fiat currency. Conclusions: The study reveals substantial intergenerational differences in cryptocurrency perceptions, with implications for financial education, regulation, and innovation. These divergences may shape the future evolution of financial markets and monetary systems.