Millennials and Gen. Z are investing in Crypto Assets
Millennials and Gen. Z are investing in Crypto Assets
Monetary systems are very reliant on individuals trusting their government. Unfortunately, in the eyes of the generations of the future, this trust has been broken. According to surveys, over 90 percent of millennials don’t trust banks and most of the centralized systems. Not surprising, the correlation between lack of trust and the adoption of Crypto Assets is very high.
Power of Size
Millennials, also known as Generation Y, have as of 2016 surpassed the Baby Boomers in size in the United States. It is generally assumed that Millennials are born between 1981 and 2000. However, there are other Generational definitions. The Generation after Millennials, Generation Z, is typically assumed to consist of people born between mid-1990s and mid-2000s. Generation Z today makes up roughly 25% of the U.S. population. This makes Generation Z a larger cohort than the Baby Boomers or Millennials. These are the Generations of the future.
Lack of Trust
According to regular surveys, trust in the US government is at a 60-year low. The picture is very similar across the globe. Nine out of ten people who belong to the Generation Y or Z don’t trust the banks or most of the centralized systems. Having, as kids, seen their parents lose their homes in the financial crisis of 2008, has had a significant impact. In a world that is increasingly digital it also means that digital trust is increasingly important. Because trust doesn’t exist in existing systems today, Millennials and Gen Z are embracing the blockchain technology. This is because blockchain is creating digital scarcity and native digital trust.
New Way to Store Value
Ways to store value and to invest has changed throughout time. The Silent Generation bought gold while the Baby Boomers bought equities. The average Millennial is 26 years old and is ready to enter his/her prime income years. The average Millennial is looking to buy a house and to start investing his/her income. Millennials is a huge generation with preference for decentralization and digital scarcity. Adoption of Crypto Assets is high among Millennials and likely to get even higher over the coming years. That by itself should be enough to push the total market cap of Crypto Assets higher.
Disclaimer
This article should not to be viewed as legal advice, trading advice, financial advice, investment advice or personal advice.
It's because the young are sick of the establishment that doesn't help them with their even most basic needs. People want financial freedom, cryptocurrencies POTENTIALLY offer that, and it's more easily accessible by the tech-native young.
The problem, though? Most Millenials and Generation Z kids probably don't have the years of life experience necessary to make sound financial decisions! Which is why many are flocking to crypto trading without any prior experience or knowledge in finance or how to trade, and end up LOSING money!
If you don't want that to be you, drop us a line on email or Telegram! You can find them in our posts :)
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