Bitcoin Forum

Bitcoin => Bitcoin Discussion => Topic started by: Alert31 on December 11, 2020, 07:56:51 AM



Title: Millennials’ impact on the future of digital assets.
Post by: Alert31 on December 11, 2020, 07:56:51 AM
I just thought from the first year of the creation of bitcoin until now, it continues to grow despite the government's rejection and many people do not know about it. Now that the popularity of bitcoin is increasing as its value rises, we can see how important and useful it is.

Due to the continued popularity of bitcoin, it is now also included in the subjects of students at various universities for advanced knowledge.
Many investors are coming along with Billionaires and Millionaires and some big companies

Now there is another indicator of growing adoption of bitcoin through Millennials and young investors because they are sure that they will become interested in bitcoin because of the benefits it can give them. The impact of this Millennial in crypto currency is really great. The future of bitcoin is in the hands of Millennials who in turn will pass it on to the next generations.

Quote
Prince said he expects crypto to “grow as a share of that alternatives bucket.”

“Crypto-invested Millennials is an insanely valuable group [...] These are people who were ahead of this trend.”

During the discussion, Prince identified three major Bitcoin adoption trends that are inextricably linked to Millennials and younger investors: The ongoing wealth transfer from Baby Boomers to the young via inheritances, the growth of alternative assets and shifting preference for everything digital.

https://cointelegraph.com/news/millennials-will-boost-bitcoin-adoption-for-years-to-come-blockfi-ceo[quote/]



Title: Re: Millennials’ impact on the future of digital assets.
Post by: vaultman on December 11, 2020, 12:20:16 PM
It is not surprising that everyone needs to keep up with the times and this is the right approach - to change educational disciplines in accordance with modern realities, so that students are taught relevant knowledge, and not repeat the same thing for 200 years. Obviously, with each new generation, the popularity of bitcoin will grow, since the older generation does not even have a special desire to understand cryptocurrencies. Thus, we can conclude that over time, the price of bitcoin will surely increase significantly compared to the current price.


Title: Re: Millennials’ impact on the future of digital assets.
Post by: avikz on December 11, 2020, 01:18:11 PM
Bitcoin is a technological and financial revolution. Historically millennials are the ones who are usually tend to get attracted to new technologies. Same happened with bitcoin as well because tech-savy millennials took notice of it and started using it before anyone else! So no wonder thag the major impact was taken by the millennials at all times - whether a financial loss or a profit!

As the newer generations are becoming more tech savy than the older ones, bitcoin and related technologies will only grow,both in terms of value and adoption. There's no turning back unless something drastically unfortunate event happens!


Title: Re: Millennials’ impact on the future of digital assets.
Post by: Sterbens on December 11, 2020, 01:43:56 PM
I just thought from the first year of the creation of bitcoin until now, it continues to grow despite the government's rejection and many people do not know about it. Now that the popularity of bitcoin is increasing as its value rises, we can see how important and useful it is.

Due to the continued popularity of bitcoin, it is now also included in the subjects of students at various universities for advanced knowledge.
Many investors are coming along with Billionaires and Millionaires and some big companies


Indeed, since the beginning, bitcoin holders have been dominated by millennials, and this proves that the role of the modern world is indeed very interesting. In the country where I live, almost 60% of millennials invest in bitcoin, that was before the pandemic hit, but after the pandemic the increase was very drastic and very significant, which is an increase of about 20%. the total to 80%. However, there are still some obstacles related to bitcoin restrictions, which until now have not received approval from the government.


Title: Re: Millennials’ impact on the future of digital assets.
Post by: Axelseseclevz on December 11, 2020, 02:00:12 PM
I just thought from the first year of the creation of bitcoin until now, it continues to grow despite the government's rejection and many people do not know about it. Now that the popularity of bitcoin is increasing as its value rises, we can see how important and useful it is.

Due to the continued popularity of bitcoin, it is now also included in the subjects of students at various universities for advanced knowledge.
Many investors are coming along with Billionaires and Millionaires and some big companies


Indeed, since the beginning, bitcoin holders have been dominated by millennials, and this proves that the role of the modern world is indeed very interesting. In the country where I live, almost 60% of millennials invest in bitcoin, that was before the pandemic hit, but after the pandemic the increase was very drastic and very significant, which is an increase of about 20%. the total to 80%. However, there are still some obstacles related to bitcoin restrictions, which until now have not received approval from the government.

It is amazing to think that a digital currency can make so many people who enjoy it and will continue to patronize it in the future. On the other hand, government is still the obstacle for fully recognition and adoption of bitcoin anywhere.


Title: Re: Millennials’ impact on the future of digital assets.
Post by: lifeforcepools on December 11, 2020, 02:02:34 PM
Several more generations will be able to trade bitcoin. But of course, what awaits this asset in the future will soon depend directly on millenials.


Title: Re: Millennials’ impact on the future of digital assets.
Post by: hulla on December 11, 2020, 03:06:54 PM
Several more generations will be able to trade bitcoin. But of course, what awaits this asset in the future will soon depend directly on millenials.
The Millenials joining crypto investment is proof that several more generations will be involved in crypto but there's still no appropriate procedure put together for aged with or not with some health ailment to be involved in crypto which is what crypto is lack now.

Having said that, we cant talk about cryptocurrency adoption increasement and exclude the governments/countries that supported cryptocurrency which I believe are what give the Universities, institutions etc to integrated blockchain and crypto into their platform. However, the journey of crypto just begin


Title: Re: Millennials’ impact on the future of digital assets.
Post by: hatshepsut93 on December 11, 2020, 03:14:26 PM
This current bull market is driven by institutional investors, and whomever is in charge of deciding which assets to buy over there is most likely not a millenial. Millenials are highly represented among the retail investors, but Gen X shouldn't be underestimated - they are also quite tech savvy and have more money than millenials.

The future of bitcoin is in the hands of Millennials who in turn will pass it on to the next generations.

The future of Bitcoin is in everyone's hands, and I also don't think that millenials have some mission to teach younger people about Bitcoin - they could easily discover it on their own.


Title: Re: Millennials’ impact on the future of digital assets.
Post by: NeuroticFish on December 11, 2020, 03:28:24 PM
The impact of this Millennial in crypto currency is really great. The future of bitcoin is in the hands of Millennials who in turn will pass it on to the next generations.

I think that the impact of millennials is still not understood fully.

Millennials see internet as something normal. They understand the technology better than their parents. And well, they are the future.

While many thought that the previous generations should be attracted into Bitcoin, since some of them have much more money for example, those will still prefer gold and stocks. They don't understand this Bitcoin thing. They (still!) have a better chance to see it as a threat than as something beneficial.

And here the millennials come in: they can help the older ones from around them (families, friends, co-workers, their managers) understand what's this all about. They have the potential to get everybody aboard.
That's much more than only investing themselves... So yes, the best is focusing on Millennials.


Title: Re: Millennials’ impact on the future of digital assets.
Post by: bassbity on December 11, 2020, 06:50:29 PM
Cryptocurrency has now become an investment instrument for millennials. Not only that, crypto is also growing rapidly as an alternative to non-cash transactions. so we all know the millennial population is very large and this also has a big influence on the development of bitcoin and other cryptocurrencies.
Millennials themselves already know how to invest, they are not being ignored by current technology assistance. it is clear that the impact will be significant.

Then many of us have seen that this year's investors are dominated by young people.


Title: Re: Millennials’ impact on the future of digital assets.
Post by: dothebeats on December 11, 2020, 07:45:25 PM
It’s not impossible or improbable for millennials to be engaged in cryptocurrency knowing how easy it is to get engaged in the said investment rather than going through all the hoops involved in traditional assets that stocks, real estate, and gold come with. Plus, results most probably come faster and realized much faster in bitcoin and crypto compared to slow-moving traditional assets. Seeing how fast-paces millennials lives’ are currently, it’s not really that far from them to seek such in their investments.


Title: Re: Millennials’ impact on the future of digital assets.
Post by: ChrisPop on December 11, 2020, 07:58:32 PM
I think it is safe to say that millenials are driving the mass adoption of Bitcoin. Open-mindedness and the spirit of innovation is what drives growth in today's world. The world is advancing at a rapid rate.

What I like is that millenials do inspire the older generations and honestly this is how it should be.


Title: Re: Millennials’ impact on the future of digital assets.
Post by: Twinkledoe on December 11, 2020, 08:12:51 PM
I think it is safe to say that millenials are driving the mass adoption of Bitcoin. Open-mindedness and the spirit of innovation is what drives growth in today's world. The world is advancing at a rapid rate.

What I like is that millenials do inspire the older generations and honestly this is how it should be.

As they are open to this kind of advancement in technology, they are more willing to adopt this in their everyday living. We already have so much digital apps in our smartphones and adding one will not be a big deal for them. As crypto wallets are getting sophisticated these days, we won't be surprised if they will try one or two crypto wallets to see what it will bring to them. They are easy to educate as well as basically they can get all the info they need from the internet.


Title: Re: Millennials’ impact on the future of digital assets.
Post by: jossiel on December 11, 2020, 11:23:08 PM
Every piece of fintech is always being passed unto the next generation and it happen to be passed to the millenials which are current generation title for the young aspiring future professionals that we have.

I wouldn't make an exception that it is only in their hands but for everyone who's part of this great tech revolution that involves the finance industry.


Title: Re: Millennials’ impact on the future of digital assets.
Post by: serjent05 on December 12, 2020, 03:12:15 AM

Now there is another indicator of growing adoption of bitcoin through Millennials and young investors because they are sure that they will become interested in bitcoin because of the benefits it can give them. The impact of this Millennial in crypto currency is really great. The future of bitcoin is in the hands of Millennials who in turn will pass it on to the next generations.


I would not be surprised if the Millenials will take a huge part in cryptocurrency adoption.  We all know these Millenials are hungry of good new investments since the older guy had already dominated older investment and would be a real challenge for Millenials to at least take a pie of them.  So with Bitcoin as being the new trend many business-minded Millenials will definitely hop into the train and will take advantage of this new trend's offer where many old-timers will be hesitant to participate.


Title: Re: Millennials’ impact on the future of digital assets.
Post by: Lorence.xD on December 12, 2020, 04:12:37 AM
It’s not impossible or improbable for millennials to be engaged in cryptocurrency knowing how easy it is to get engaged in the said investment rather than going through all the hoops involved in traditional assets that stocks, real estate, and gold come with. Plus, results most probably come faster and realized much faster in bitcoin and crypto compared to slow-moving traditional assets. Seeing how fast-paces millennials lives’ are currently, it’s not really that far from them to seek such in their investments.
If the boomers didn't fuck the financial system that much and the economy, I think the younger generations could have had more choices rather. With a very low minimum wage, I think that bitcoin is the savior of this younglings from eventual spiraling poverty. I wanted to invest in gold and stocks too but the hoops I have to put up with is not a joke and no one taught me how to get through those hoops.


Title: Re: Millennials’ impact on the future of digital assets.
Post by: hugeblack on December 12, 2020, 05:15:55 AM
Millennials are still using cryptocurrencies with little benefit due to Bitcoin's difficulties and the difficulty of its scalability.
I do not think that everyone can use cryptocurrencies, but the idea of decentralized financing may seem logical and useful to many. The problem is that the central idea is only properly represented in Bitcoin.

Most of the next generation will know digital money more than cryptocurrencies.


Title: Re: Millennials’ impact on the future of digital assets.
Post by: Mpamaegbu on December 12, 2020, 05:20:49 AM
A decade ago when Bitcoin debuted, young people were perceived to have taken that "reckless and needless" risk investing in Bitcoin even when they didn't fully understood what it was. Now, those who are far younger are even getting on the bandwagon to push Bitcoin patronage at a time when their parents are skeptical about the whole tech stuff around cryptocurrency. This is good.

What I like is that millenials do inspire the older generations and honestly this is how it should be.
Exactly! Who else can help talk to parents if not their beloved kids whom they hold in esteem? I can't imagine an outsider  convincing, for instance, a Warren Buffet who had been adamant on a tech like Bitcoin if not his kids (grandchildren per se)


Title: Re: Millennials’ impact on the future of digital assets.
Post by: Wexnident on December 12, 2020, 05:34:54 AM
Well, it's quite understandable, after all, they are the group that most likely was impacted by the technical revolution. Let's not even mention them profiting off of it, just the fact that they were willing to actually use it shows that Millenials aren't swept by the wave, but rather they direct the wave. They also had the opportunity imo, to take advantage of the growing requirements for tech-savvy people in companies, landing jobs that pay quite well that well, let them find and invest more from the internet. You can even say that they themselves were one of the people that experienced the benefits of the internet and has continued to lead the pack so far.


Title: Re: Millennials’ impact on the future of digital assets.
Post by: Walterhank on December 12, 2020, 06:14:40 AM
Well, millennials have gone through major technological evolutions in a shorter span of time which makes them unique for this scenario. But I still think that most of the owners with major bitcoin holdings would be generations before millennials.


Title: Re: Millennials’ impact on the future of digital assets.
Post by: dizzy1996 on December 12, 2020, 11:27:55 AM
On the one hand, it is certainly bad that a certain group of people affects the growth of bitcoin, but on the other hand, these are large investments that help cryptocurrency to grow and develop and make it possible to launch many new projects, and even more so the presence of such large investments in cryptocurrency gives confidence in tomorrow


Title: Re: Millennials’ impact on the future of digital assets.
Post by: eaLiTy on December 12, 2020, 12:15:53 PM
This current bull market is driven by institutional investors, and whomever is in charge of deciding which assets to buy over there is most likely not a millenial. Millenials are highly represented among the retail investors, but Gen X shouldn't be underestimated - they are also quite tech savvy and have more money than millenials.
It is a possibility that the deciding factors for these institutional investment are not from the millennial generation but then again the advisors can be from the millennial generation as it is conceded as people born in 1981 to 1996 if i am not mistaken and if that is the case then it is possible these decisions are taken by them.

I have seen many changes in technology throughout my years and i started with i486 processors when i was a kid and then updating to many changes in the technological space which was literally rapid and we are always updated as we are groomed that way and the new generation will be one step ahead from my generation as i can see the changes in my kids as they are very well aware of the latest gadget and are always updated and if they are interested in finance and investment then they will enter the cryptocurrency space as well.


Title: Re: Millennials’ impact on the future of digital assets.
Post by: lovesmayfamilis on December 12, 2020, 01:29:23 PM
With the advent of the Internet, and then with the advent of Bitcoin, millennials have been cool to change all the priorities that existed before. Since they grew up in the digital age, they will continue and develop a society in this direction.
And, of course, all of today's baby boomers find it difficult to grasp the new trends. And here those for whom these technologies are understandable and easy come to the rescue. They swim in these technologies like fish in the water.
 I think that cryptocurrencies will be able to develop more with the knowledge of this generation and the next. And yes, my children understood mobile gadgets before they learned to walk. ;D
Today, the future of blockchain technologies already seems clear enough, as more and more young people find Bitcoin for themselves, and this is becoming a very good sign for the full adoption of cryptocurrencies everywhere.


Title: Re: Millennials’ impact on the future of digital assets.
Post by: Fundamentals Of on December 12, 2020, 01:37:08 PM
I'd like to add that the millennials are kind of fed up with how things are running in terms of the financial system. I think they are now appreciating something which is kind of revolutionary. They have seen how the current system is failing them in a way. They have seen how they are being constantly failed by the very institution that should have protected them. They have seen how a few are enjoying the benefits and advantages of the system and the rest are not really getting better in life.

This is probably one of the reasons why Bitcoin appeals so much to them. Because it is something new. It is a powerful tool which is coming from somewhere else outside the old powerful institutions. It is a new player worth exploring.


Title: Re: Millennials’ impact on the future of digital assets.
Post by: plvbob0070 on December 12, 2020, 01:48:17 PM
Expect that the younger generations will be the ones who will most likely adapt and invest in bitcoin and digital assets since we are now in the era where we are so fast adopting technological advancements. Aside from that, more big investors are now looking at bitcoin positively, and that could also help in bitcoin adoption. For sure, in the next years, we will see more people Millennials and younger people investing in bitcoin.


Title: Re: Millennials’ impact on the future of digital assets.
Post by: Gotumoot on December 12, 2020, 04:44:50 PM
It is good for all of us that they are interested in it at such an early age.
They could be successful investor in the future and they could learn a lot from it .
To be honest I envy them there are so many young ones who are now early investor and earning their own money because of crypto,
But back in my days when I was at their age I didn't care much and just been playing some online games with my friends.


Title: Re: Millennials’ impact on the future of digital assets.
Post by: kryptqnick on December 12, 2020, 05:13:44 PM
I just thought from the first year of the creation of bitcoin until now, it continues to grow despite the government's rejection and many people do not know about it. Now that the popularity of bitcoin is increasing as its value rises, we can see how important and useful it is.

Due to the continued popularity of bitcoin, it is now also included in the subjects of students at various universities for advanced knowledge.
Many investors are coming along with Billionaires and Millionaires and some big companies

Now there is another indicator of growing adoption of bitcoin through Millennials and young investors because they are sure that they will become interested in bitcoin because of the benefits it can give them. The impact of this Millennial in crypto currency is really great. The future of bitcoin is in the hands of Millennials who in turn will pass it on to the next generations.

I hate to break it to you and some others who might have forgot this, but millennials barely count as young investors. It's mainly people who are now in their thirties and some are almost 40 now, and while I believe there are many pro-Bitcoin people who are from this age category (and probably many Bitcointalk forum members), it's Zoomers who will decide the future, so research on their assumptions and attitudes is probably more valuable. Preference for digital doesn't automatically say preference for Bitcoin because there can be various centralized alternatives to value, but I have high hopes for these very young people who are already having a louder voice than other generations did at their age.


Title: Re: Millennials’ impact on the future of digital assets.
Post by: pixie85 on December 12, 2020, 06:01:10 PM
The impact of millennials is definitely very big, probably the biggest. They're in their 30s and 40s now, so they are the ones buying.

You can't expect people in their 20s who are usually on student loans to impact the price of Bitcoin. They will spread the word but it's their parents who now have to buy and take care of their own retirement and maybe the future life of their children.

At the same time, people in their 60s and 70s are usually not interested in cryptocurrencies just as they aren't usually interested in smartphones and social media.



Title: Re: Millennials’ impact on the future of digital assets.
Post by: Latviand on December 12, 2020, 07:17:15 PM
Several more generations will be able to trade bitcoin. But of course, what awaits this asset in the future will soon depend directly on millenials.

Bitcoin's adoption and community really relies on this Millennial generation but bitcoin doesn't rely to us.

Its volatility can be manipulated by many factors such as other cryptocurrencies, world issues, economic issues, market issues, regulations, and etc.

But as we are now living in a world full of technology then we are the one who are responsible about its growth and popularity.


Title: Re: Millennials’ impact on the future of digital assets.
Post by: bearexin on December 13, 2020, 08:08:58 AM
Yeah it’s good that there are so many millennial that sees a great future in cryptocurrency. But, sometimes I wonder in what direction we are really headed to, because everyone is mostly talking about cryptocurrency (Bitcoin, Ethereum, etc.) as an investment and they are not talking about it as a method of transaction.

It seems to me like fiat is winning the battle when it comes to transaction since people who come for Bitcoin just wants to buy and hold in private wallets without making use of it, and once they have made profit they will dump it and go back to the same fiat. Anyway, whatever direction it’s going to, we can go with it.


Title: Re: Millennials’ impact on the future of digital assets.
Post by: Yatsan on December 13, 2020, 11:05:41 PM
It is not surprising that many investors are comprises of millenials for they truly understand the modernization happening and how the advancement of technology plays a big role within the society. Since millenial people are knowledgeable and do really understand more of the technological aspects and supports whatever they think can give them opportunity and benefit, it is expected that they will put a big impact on the future of digital assets specifically with regards to adaptation and usage of Bitcoin and other existing cryptocurrency in the market. There are a mixed up of different generations investing and using cryptocurrency but it is undeniable that mostly millenials are being caught up to have interest on this kind of innovation happening in the society upon shifting or adaption of using digital currencies for the betterment of the society.


Title: Re: Millennials’ impact on the future of digital assets.
Post by: dupee419 on December 14, 2020, 01:24:05 AM
For future generations as well, not only with the so called "Millenials" will continue this path but also for the future ones as well, with the influence of cryptocurrency this big I think it's impossible that schools would not include such an important topic, even professors know that these cryptocurrencies are being all over the web and back then where it used to be something lowkey is now being actually used by almost everyone, It's actually a cycle and that if Bitcoin and other cryptocurrencies won't shut down of course.