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Author Topic: Millennials’ impact on the future of digital assets.  (Read 177 times)
dizzy1996
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December 12, 2020, 11:27:55 AM
 #21

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

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December 12, 2020, 12:15:53 PM
 #22

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.
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December 12, 2020, 01:29:23 PM
 #23

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. Grin
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.

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December 12, 2020, 01:37:08 PM
 #24

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.
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December 12, 2020, 01:48:17 PM
 #25

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.
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December 12, 2020, 04:44:50 PM
 #26

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.
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December 12, 2020, 05:13:44 PM
 #27

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.

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December 12, 2020, 06:01:10 PM
 #28

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.

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December 12, 2020, 07:17:15 PM
 #29

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.
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December 13, 2020, 08:08:58 AM
 #30

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.
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December 13, 2020, 11:05:41 PM
 #31

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.

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December 14, 2020, 01:24:05 AM
 #32

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.
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