This post was originally published on The FinTech Times
Young people across Latvia are increasingly becoming a driving force in the development of the local crypto-economy, according to new data from the Latvian Blockchain Development Association.
Around a quarter (one in four) of individuals in Latvia under the age of 29 own cryptocurrency, according to a survey conducted by research agency Norstat.
The survey, conducted in March 2025, found that 11.4 per cent of Latvia’s population already own cryptocurrencies, with the highest activity observed among youth – 22 per cent of those under 29 years old own cryptocurrencies, while the figure for those aged 30–39 reaches 21 per cent.
A further 19 per cent of residents plan to purchase cryptocurrencies within the next ten years, of whom nine per cent intend to do so within the next year, the survey reveals.
“These figures confirm that the digitally minded generation sees crypto as a serious financial instrument, not merely a short-term entertainment trend,” explained Reinis Znotiņš, head of the Latvian Blockchain Development Association. “Crypto assets are not a passing phenomenon – they are becoming financial instruments that attract various age and income groups, forming a diverse investor community.”
Small scale investing
Income level in Latvia also significantly correlates with crypto asset ownership. Most cryptocurrency owners in
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