[2019-04-30] Millennials Are the ‘Driving Force’ of Bitcoin Ownership: Survey

[tyz]

Millennials Are the ‘Driving Force’ of Bitcoin Ownership: Survey

Millennials bask in knowing they are far more ahead of the technology curve than older adults. This is why their demographic has been more willing to embrace bitcoin as a long-term investment.

https://www.ccn.com/millennials-are-the-driving-force-of-bitcoin-ownership-survey

[dunfida]

Normal thing yet these millennial or on this new age do really embraces off new technology or new innovation and crypto woudl really be included on it so it wont really be a
surprising thing even that someday that there would really be already a curriculum to teach out Bitcoin but this is only applicable or possible into some countries that do have
positive insights towards crypto. This new generation would really continue this Bitcoin era on future years to come.

[BitHodler]

If we want Bitcoin to be everyone's currency, this has obviously to change. It's great and all that millennials are on the upper hand, but I would like to see the generation after that consider Bitcoin a viable option too.

Bitcoin as it is right now doesn't scale, is too difficult to use and doesn't provide much utility over fiat currently. I'm sure that with time things can and likely will be different, but with time isn't now, and that's important to remember.

[figmentofmyass]

If we want Bitcoin to be everyone's currency, this has obviously to change. It's great and all that millennials are on the upper hand, but I would like to see the generation after that consider Bitcoin a viable option too.

same, and i've seen some anecdotal cases of youngsters having a much more optimistic view of it than some of my fellow millennials. usually the millennial generation is defined with ~ 2000 or even later as the ending birth year. so the next generation is still in the teens or younger. i guess we'll have to give it some time to see how it pans out but i'm optimistic that future generations will be increasingly receptive as time goes on.

[CryptoBry]

People belonging to the so-called Millennial Group are always the driving force in many industries especially those involving technology and innovation and this includes Bitcoin. I am not anymore wondering for this but then again...there is a need to expand more the influence of Bitcoin to all sectors of the society so that its future can be bright and solid. We need older people who have the capacity to "invest" to also join us here while we are educating them on the importance of Bitcoin and cryptocurrency in general.

[Kemarit]

People belonging to the so-called Millennial Group are always the driving force in many industries especially those involving technology and innovation and this includes Bitcoin. I am not anymore wondering for this but then again...there is a need to expand more the influence of Bitcoin to all sectors of the society so that its future can be bright and solid. We need older people who have the capacity to "invest" to also join us here while we are educating them on the importance of Bitcoin and cryptocurrency in general.

Well that's what they said on Generation X/Y before specially in the Information Technology sector. So I'm sure those generations are technically inclined and possible that they are also one factor in the growth and sustainability of Bitcoin ecosystem and not just Millennials. They are educated, matured and in the process of looking for investment at their age right now. So don't be surprised if we will hear survey saying that not only young people are seeing bitcoin as viable investments, but other generations as well.

[TheKeyLongThumbI]

Millennials Are the ‘Driving Force’ of Bitcoin Ownership: Survey

Millennials bask in knowing they are far more ahead of the technology curve than older adults. This is why their demographic has been more willing to embrace bitcoin as a long-term investment.

https://www.ccn.com/millennials-are-the-driving-force-of-bitcoin-ownership-survey

Because that is how millenials mind work. They see new and a trend for a day then they will try and imitate it. One time, I see a viral post the about that fidget spinner and I thought how that can be so very in-demand. Then I thought that social media is really powerful so once they see a lot of they know that own bitcoin, they all do the same for sure.

[mindrust]

There isn't a future left for the millennials other than flipping burgers.

This is the result of the old financial system. They tried to prevent it by printing money so people can spend more but it didn't work as they thought. While many people indeed spent their money on luxury cars and ipads, I know many smart people just took the free money and either hodl it, bought gold with it or some other hard assets instead of buying stupid shit.

In reality, it is not just the millennials whos is driving bitcoin now. It is probably everybody who doesn't like where we are headed.

Gold was supposed to be the ultimate wealth storage ffs.  Why the fuck it doesn't go up since 2013? After all that FIAT printed we should have had it above $10k already. They cornered gold. They are too greedy you can't even make money by owning gold now. All they want you to buy their shitty stocks. Fuck them.

I am buying more bitcoins.

[figmentofmyass]

There isn't a future left for the millennials other than flipping burgers.

something tells me the coders will do alright.

Gold supposed to be the ultimate wealth storage ffs.  Why the fuck it doesn't go up since 2013? After all that FIAT printed we should have had it above $10k already.

dude that's only a handful of years ago. gold has been traded for thousands of years and is a much deeper market than bitcoin and yet it was only a decade ago that it was on a bull run of nearly 700% gains! after that kind of rally, how could you expect price to endlessly keep rising? markets don't just go up in a straight line. booms and busts, just like bitcoin. that's commodity markets for ya.

[mindrust]

There isn't a future left for the millennials other than flipping burgers.

something tells me the coders will do alright.

Enjoy it while it lasts. It'll come to an end too. (if not already) I would say the end is neighhh! (sorry couldn't avoid this one) You are competing with the Indians. I don't want to repeat the exact same story but the moment you hear the word "Indians" should be enough for you to increase your blood pressure and adrenaline levels.

They are not coming, they are already here. And they have a coder supply of 1.36 billion.

Good luck with trying to make a difference.

[shamc]

Millennial have been screwed over by the current crop of greedy bankers and politicians. Only bitcoin can save them now, if they can find a way to acquire some

[Arydo]

21 milions club, or more than 17 milions club right now. I think millennials proving that they'r not "lost generation", as sociologist would imply. Observe, learn, adapt and join the club. Glad they'r seeing bitcoin potential, now we need to shift the views for older generation, so they still have a chance for decent pension.

[buwaytress]

If we want Bitcoin to be everyone's currency, this has obviously to change. It's great and all that millennials are on the upper hand, but I would like to see the generation after that consider Bitcoin a viable option too.

same, and i've seen some anecdotal cases of youngsters having a much more optimistic view of it than some of my fellow millennials. usually the millennial generation is defined with ~ 2000 or even later as the ending birth year. so the next generation is still in the teens or younger. i guess we'll have to give it some time to see how it pans out but i'm optimistic that future generations will be increasingly receptive as time goes on.

At least in Japan this does appear to be the case, I do recall reading that the baby boomers and Generation X'ers (that's me by the way) were actually behind in terms of adoption but are the fastest growing age group (talking Bitcoin and digital money education anyway). I daresay as well that the intermediate users (using own private keys, for example) are still from an older group, whereas the millennials and younger tend to be the more casual users (happy to stick to a phone app without ever signing txs, for example). I can't truly know though, as my offline sample size of Bitcoin users is too small!

[Kakmakr]

They are stating the obvious here, because most Millennials grew up with some kind of computer or electronic gadget that formed part of their learning curve.    The previous generation did not have that luxury, because computers were still expensive back in those days and not every person could afford to buy the latest gadget on the market.

In the early 80's and mid 90's the younger generation played with things like the ZX Spectrum and Commodore and console type devices that was linked to TVs.   

[Harlot]

This isn't surprising at all the previous generation which is the GenX is not the ones who have been born just in time when the technology has settled in. Millenials are the ones in the right place and in the right time just when gadgets such as computers and phones have been popular thus making them one of the most technologically inclined generations. Aside from technology they are also the risk takers when it comes to investments as they are trying to become rich fast and one of the most popular ways for them is through the crypto market.  

[1Referee]

Enjoy it while it lasts. It'll come to an end too. (if not already) I would say the end is neighhh! (sorry couldn't avoid this one) You are competing with the Indians. I don't want to repeat the exact same story but the moment you hear the word "Indians" should be enough for you to increase your blood pressure and adrenaline levels.

They are not coming, they are already here. And they have a coder supply of 1.36 billion.

Good luck with trying to make a difference.

Indians deliver crap code. If people are happy paying peanuts for that, then let them do so. Those who want quality assurance will not try to cut cost left and right, because doing so will cost you even more in fixing everything Indian coders messed up afterwards.

I am quite certain that most well stacked developers working on crypto/blockchain related projects will end up being taken over by entities such as Google, Microsoft, etc. They outbid any of what x project can offer, plus they very likely get shares and options to go with it. It's just a matter of time.

The allure Google offers is unmatched. Who wants to work on a crappy blockchain project while you can work on large scale projects and actually see your code be utilized by potentially billions of people in the world.

[hatshepsut93]

At least in Japan this does appear to be the case, I do recall reading that the baby boomers and Generation X'ers (that's me by the way) were actually behind in terms of adoption but are the fastest growing age group (talking Bitcoin and digital money education anyway). I daresay as well that the intermediate users (using own private keys, for example) are still from an older group, whereas the millennials and younger tend to be the more casual users (happy to stick to a phone app without ever signing txs, for example). I can't truly know though, as my offline sample size of Bitcoin users is too small!

My grandma can barely use her Nokia 1100, I just can't imagine old people using Bitcoin on a regular basis, there are so many risks and complications.

As for owning private keys, it's a matter of being passionate about crypto and having experience with cybersecurity - IMO most of the people in that group would be in their thirties and forties. Also, it's not bad to use a mobile wallet if it's not custodial, you would still own your private keys, and mobile security is actually far better than desktop, especially if compared to Windows.

[cosmyc]

At this rate, I expect half of all millennials to own some cryptocurrency in the next five years. The growth in awareness, interest, conviction, and intent to buy grew nearly 50% in just two years.

Since there's a limited supply of Bitcoin, I expect adoption will drive the price of Bitcoin, and the rise in price will intensify interest and acquisition.

Widespread cryptoasset ownership is only a matter of time.