In my view, millennials have a few things correct. I'm 65 years old, thus when I was growing up I had very little in the way of toys or self-absorbed
activities like Internet/PC's/Kindle etc. Thus in my later years, it seems I now have a house of 'dubious' possessions or what most people would call 'junk'!
Millennials from what I can tell, after being swamped in the last 20 years in my humble opinion with all sorts of baby plunder/toys/etc growing up...and
the vast majority of these consumer goods were more on quantity than quality are actually quite wise in their view of conspicuous consumption and too
much clutter.
Thus why have the clutter of gold and the rest when Bitcoin/Crypto meets the need indeed!
I myself, will eventually, when they 'drag me off' to the Nursing home in 20 years, kicking and screaming (literally I'm a Shotokan Karate Practitioner)
I often find myself wondering, I obviously am 'different' from my age group on finance and BTC/Crypto...perhaps I should pull the trigger and simply
dump the house/the stuff/and it all 20 years early and just travel and/or rent. As the world of the USA gets weirder and weirder that seems to be becoming
a big pull. So anyway, I see this as a trend that will 'trickle' out over the next 5-10 years as a result of millennials' views on BTC/Crypto.
Probably should have happened a decade or so ago and with more financial freedom than my generation (my wealth is in the house stocks/bonds) probably
in 5-10 years more options and security as well, IF BTC/Crypto follows the same path and adoption it has in the last 10 years as well.
I'm fairly sure that if Trump would have gotten re-elected that actually may have pulled the trigger on the above, me 'simplifying' my life of clutter.
Anyway, just saying, the stuff and house and such eventually has to go, BTC/Crypto has certainly given me more options than the majority of my wealth
in stocks/bonds/house/and stuff.
Still pondering this, but I do see what the OP says is true and may even be a trend between generations also.
Brad