Generational change – the most powerful Bitcoin price catalyst

[bbc.reporter]

I have no comments for this article except to say that I agree.

Also, generational change will not only be a price catalyst for bitcoin alone. It might also be a price catalyst for other cryptocoins that might help create a new economy without the banking monarchs and their puppet politicians.

Welcome to the final frontier hehehe.


Kraken VP Austin Alexander

Alexander, who Co-Founded Wall Street’s Bitcoin Centre in 2013, revealed his moment of realisation while speaking to Australian crypto trader and educator Craig Cobb on the Trader Cobb Crypto Show.

“Four years ago now, I was working with some young kids in New York City… They needed to buy some kind of chips or something from China,” said Alexander.

“I was giving them some advice and looking at some plans and stuff and I said ok, you’re going to need to send this big wire over to China to pay for these goods and neither of these kids had a bank account."

“I explained to them what they’re going to need to do and they thought it was a joke, they couldn’t believe how contrived and difficult this process was when all they had known in their short financial experience… All they had known is Bitcoin and Bitcoin works, they trust it and it works and its normal to them.”

He says more Bitcoin price waves like we saw in 2017, will only help the cause.

“Each one of those waves you have more and more people, who at all levels, more people who are becoming introduced to the concept of Bitcoin for the first time.

“Bitcoin is very different, different than anything that has come before, it has overlaps with money, it has overlaps with commodities… The fact is that it’s a brand new file in people’s brains."

“Through the ups and the downs, mind share and the kind of global understanding that Bitcoin exists and the global understanding of the dynamics of Bitcoin, is what makes Bitcoin valuable, that mind share is just increasing and I think with that it’s just going to be normalised.

Read in full https://micky.com.au/generational-change-the-most-powerful-bitcoin-price-catalyst/

[poochpocket]

Much of the new generation kids come under the influence of the free digital crypto currency named "Bitcoin" and just in some days of learning online one can achieve a acceptable level of knowledge in crypto and how it works, also how could we use it to send money without anyone tracking us.

In my opinion the future power of Bitcoin totally depend on the upcoming new generation of youths who can just imbibe the use of Bitcoin in there daily life and make it as a daily usable currency.

This article provides some decent info about how can new generation change the view of the world towards Bitcoin and crypto.

[bartolo]

If you think about it, many of them will have a bitcoin wallet before having a card or a bank account. It's not only that it will be easier for them to learn how bitcoin works, they will not need to adapt to the new since the new will be normal to them.

[Denton]

Not all adults can be interested in bitcoin. After all, they can consider it as a speculative tool. But for the younger generation who do not have their own Bank account to make some payments can be difficult. Therefore, bitcoin is a great solution for them.

[hugeblack]

Everyday another grandpa CEO somewhere retires and some kid is graduating.

It is not only about bitcoin but also for many technologies, kids are more familiar with computing than adults.

The technical revolution has witnessed great progress from the beginning of this decade, the ease of communication, the ease of programming and the possibility of learning more languages will pave the way for great civilizational development.

Talking about the price is useless because we will see new ways to give the real value to this technology instead of existing platforms.

how could we use it to send money without anyone tracking us?

governments can track cryptocurrencies but cannot stop them.

[avikz]

I can't agree more with the article and the views of Austin. People of my younger generation are way more tech savy and they are surely going to adopt whatever is easier and convenient. But the major bottleneck is that the governments are still run by age old politicians.

I remember a politician from our country declared bitcoin as a ponzi scam infront of the parliamentary committee back in 2012. It clearly shows that these people don't have any idea about the technology and are ignorant to learning. The scenario would only change with proper understanding and knowledge. I see a big gap there and unfortunately we can't do much about it being a common man.

It's great that the situation is slowly changing for better and it's only paving the way for newer and powerful technologies to take over the front seat. Generational change is true for every new thing and is not restricted to cryptos only. The process is slow but certainly shows its effectiveness in long run.

[dothebeats]

I was 21 when I first had my bank account, knowing how hard the requirements are and knowing that I don't have the initial deposit required to open my own account. With bitcoin, it's ridiculously easy to receive and send payments that most banks would charge a huge fee for, and for the younger generations to engaged in financial activities and know their ways from there. Slowly but surely, the young ones will be the driver of the future economy, and it also feels good to know that they are wanting to be a part of bitcoin and cryptocurrencies that most older people are hesitant to try for now.

Generational changes accompanied with better and improved technology is what will keep the gears turning mostly, and with Austin's POV regarding bitcoin and the younger generations, I can say that we have a good future waiting for us all.

[aoluain]

Good Article which I agree with. The younger generation are
going to shape technology in general. They are growing up
in this current Industrial Revolution which is being shaped
by so many technological advances, AI, 3D Printing, Blockchain,
Nano Technology, Quantum computing and IOT.

Bitcoin and crypto is certainly not going to escape their attention.

[Ucy]

The "wave" was never a problem but some people think it was. I know the kind of impact it had where I live.
Pro stability researchers underestimated the power of incentives/rewards in the cryptocurrency space. The centralized world has a strong reward system, the crypto/decentralized world currently has very little. This will likely leave cryptocurrency boring and less secure.
Well, look at what the current market has done to the crypto space. The once beautiful garden is now a dried-out boring wasteland.

[qiwoman2]

We are in no doubt involved in a new era and history in the making and it will take a full generation of around 20-25 years to make Bitcoin as mainstream as the Internet is today. I may be an oldie at 53 years of age compared to most involved in Bitcoin, which is a much younger Demographic, but as I can see the vision behind what Bitcoin has unleashed and how the Blockchain can solve many problems on every level, from governance to private micro-financing and the Unbanked, I see we are in a very important phase in our human and technological development. Younger people who are aspiring and have dreams also for a better world and true freedom will want to be a part of it. NOW WE MAY HAVE A LOT OF ROGUES AND DARK HORSES RUNNING WILD IN THE CRYPTOSPHERE BUT AS MORE REGULATION COMES, SO WILL THE MAINSTREAM PUBLIC AT LARGE COME IN DROVES TO OWN bITCOIN.

[MainIbem]

This has always been the moment of truth. Bitcoin, cryptocurrency and the whole concept of blockchain is for the future. It is no doubt that such generational change is needed to catalyze the price movement index. However, it is difficult how the young will have or generate the kind of volumes needed to break the 2017 prices.

[jseverson]

The "wave" was never a problem but some people think it was. I know the kind of impact it had where I live.

Well it certainly has negative implications. People who've lost money in it, and I assume a lot did, would likely not want anything to do with it again. I guess it's great that it could potentially attract serious users though.

I'm probably going to get shit on for this, but I also believe kids who've known nothing but Bitcoin for their financial experience are in a very small minority. Good for them though, and them existing at all is a great sign. If nothing else, stories like this showcase Bitcoin's ability to bring financial inclusion.

[Herbert2020]

obviously new generations are always more interested in new technologies compared to older generations but i don't think new generation is needed for bitcoin to grow big and have price surges. we only need the world to change. it may start with new generations but it will continue with the whole world. for example Amazaon (or similar big names like that) accepting bitcoin is an old service with old people but they have to accept the new things for it to grow.

[poptok1]

Much of the new generation kids come under the influence of the free digital crypto currency named "Bitcoin"...
-snipped picture-

Time for plan BTC This pic. gave me chills  
It's so true, plan for making world great again and almost no word in mainstream. It always felt like revolution to me, no wonder it resonates to younger generation as the right path. It is a little anarchistic, secrecy of satoshi makes the entire movement somewhat romantic, poetic even epic. I wonder now, when a new term for this generation will get coined? generationB cryptoGen chainAtion
I'm sure that rather sooner then later, someone will use similar terms.

[kelz1]

The current generation of millenials do now have any money and can't buy bitcoin. They need a few more years in a good job, hence the halving next year will deliver a huge pump

[poochpocket]

how could we use it to send money without anyone tracking us?

governments can track cryptocurrencies but cannot stop them.

Yes, that means they have no control on it's flow so just tracking them would make no sense.
Crypto address are not linked to a person as we cannot track the original owner of the address if he personally has not stated the ownership somewhere.
By this we can say its just like no one could track us exactly!