The acceptance of Bitcoin by the younger generation to me is a welcome developme

[Davidvictorson]

The banks are not helping here because even if you save your money in the bank it amounts to nothing because the interest rate is so low.

For me, it is not even about the banks. There's so much hatred and mislabeling of Bitcoin by those in government. They have already decided that their minds will be closed to accepting the idea of Bitcoin as an alternative currency and other of it real life use cases. In my estimation this is why people who are young like me are shifting towards Bitcoin and we are taking our friends along with us too. We form groups to speak about Bitcoin, we organize Bitcoin related events, we introduce some politicians to Bitcoin by engaging then in talks. It is bearing fruits slowly.

[qwertyup23]

This generation is actually looking for were to invest their money and earn returns.The banks are not helping here because even if you save your money in the bank it amounts to nothing because the interest rate is so low.

Eventually and inevitably, the younger generation would be the next generation of investors that will contribute to the widespread existence of cryptocurrencies.

This is definitely a good sign whenever we see the new generation being curious about BTCs. Their investments will serve as a key in determining whether they would contribute to the cryptocurrency world or not. I just hope that this trend continues even in the far future.

Just to comment also on what OP mentioned, bank interest rates are relatively low but they serve as the first-step into the investing world. If you want guaranteed returns albeit low interest rates, then bank investments would be the way to go.

[uchegod-21]

This generation is actually looking for were to invest their money and earn returns.The banks are not helping here because even if you save your money in the bank it amounts to nothing because the interest rate is so low.

When it comes to making money, the elderly people believe in working hard. They prefer to sweat so well before they can make any money. My mom up till now still believes that any money earned without any physical and mental stress is not a genuine way to earn a living. That is how they see life.

The younger generation right now are not like them. The younger generation believes in working smart. That is why they are out there taking advantage of the Internet, investing online and making money online.

We do not need research to see that the young people are the ones fully into Bitcoin, it is just so obvious. Young people understand tech more that the oldies do, they love it and are comfortable with it

[Mrbluntzy]

Considering the many different assets that people can invest on, bitcoin offers a very best advantage and apart from that, it also helps for easy access of your money any time you want it and you can also do a quick transaction across the world at ease without moving to the bank to and fro. These and other characteristics of bitcoin is why this generation are adopting bitcoin as never before because it provides a lot of solution, apart from the profits, your funds are safe with you.

[Nathrixxx]

This generation is actually looking for were to invest their money and earn returns.The banks are not helping here because even if you save your money in the bank it amounts to nothing because the interest rate is so low.

It all begins with their determination in learning about bitcoin, only if they wanted to acquire the necessary information needed to make use of Bitcoin, then discover about their areas of proficients and adopt the use of bitcoin, they can choose to trade or invest and hold for long, this alone is more profitable than the use of fiat for a long time deposit in the banks.

Bitcoin has been more trending on the Internet than before and people have also been using this digital currency to take advantages in the aspect of finances, bitcoin can help realize a goal if we know the exact direction to take by learning of it's procedural ways on investment, but you will need more of time to discover the strategy that works better, then also have the ability of holding for long to be in profit with your investment, because there are seasons in Bitcoin market performance.

[Stalker22]

Is there any data or research that shows Bitcoin has significant adoption as a store of value or as a mainstream investment from young people.  Maybe it is a common belief but no evidence to support it.  Yes, some young people are interested in Bitcoin, but it is very questionable they are using it instead of traditional savings.  I dont know, maybe Im wrong, but Id like to see some concrete data. At least I havent come across any.

Bitcoin is for the young age and they're mostly the ones into bitcoin because they love to learn and adopt new technology. I told my mom about bitcoin and she told me that she prefers keeping her money in the bank since that's what she's use to. The youths are the leaders of tomorrow and bitcoin is an asset for the future.

Yeah, its true that young people have been early adopters, but honestly? That whole "its just for the kids" angle is ancient history now.  I think the vibe has totally changed.  Now its the suits and banks, hedge funds, all those Wall Street types throwing real money at it.  Some of the biggest players in the financial world are no longer on the sidelines, but making the headlines.

[Issa56]

This generation is actually looking for were to invest their money and earn returns.The banks are not helping here because even if you save your money in the bank it amounts to nothing because the interest rate is so low.

I agree with you that the younger generation are more interested than the older generation even as there is no data backing that up. In my country you hardly going to see the older generation talking about bitcoin investment, most of them are not interested in bitcoin investment, most of them still believe in banks, they believe their money is more saver in banks than investing in bitcoin, and why I think things like this happen is just because they lack proper knowledge about bitcoin, most of them do listen to news, and they have been brainwashed by what the government is saying about bitcoin.

The younger generations know more about bitcoin than the older ones, the younger generations understand the crazy things that banks are doing, and they know they can avoid all those things by investing in bitcoin. Most of the people that have seen investing in bitcoin are the young ones, I hardly see old people invest in bitcoin.

We should know that even if the young ones are investing in bitcoin, we can’t still avoid banks, even if we are not storing our money in banks, we still need banks for our daily activities, we still need banks for payment.

[taufik123]

Today's young generation is more likely to see technology as their main need, including in the crypto ecosystem,
which is an option for the younger generation to build a portfolio and make more money in crypto.

Providing investments that can generate more profits but of course you must know how the risks are.
But indeed the dominance of the younger generation is increasing in the use or adoption of crypto,
they are starting to become developers or even investors who are starting to grow their portfolios quickly.

Bitcoin is the main attraction that makes the generation easy to want and want to get involved in crypto,
Bitcoin gives a lot of hope and they are starting to explore how the crypto ecosystem and Blockchain technology works.



Global Crypto User Age Distribution:

18–24 years: 20%
25–34 years: 31% (largest group)
35–44 years: 23%
45–54 years: 18%
55+ years: 8%

https://coinlaw.io/crypto-user-demographics-statistics/
https://coinpedia.org/research-report/global-crypto-adoption-report/

[Apocollapse]

It's not a welcome development, it's what supposed to be, there's no way old people gonna check what is Bitcoin.

Small group of old people might interested with Bitcoin, but they're either financial manager, investors or high knowledge in computer, rest of them will stick with the conservative assets.

Even stock is dominated by young people even it has been exist long ago before Bitcoin.

[serjent05]

Here we don't need to research or look for graphs, just an observation from people around you tells it all.

Then if I go with this logic, the younger generation around me (neighborhood) is not interested with Bitcoin and are more fascinated in social media activities does it represents the majority of the younger generation?   I think stating a statement that deals with a number needs a statistics that supports it else it is just an anecdotal statement.

To support the claim with statistics, it is said that in the US the largest percentage that own Bitcoin are the Millenials followed by Genx, Genz then the baby boomers. So it is not the younger generation that occupies the majority of the crypto holder but the number of younger generation involved with Bitcoin shows their interest that coincide with @OP.



It is indeed a very good sign that younger generations are welcoming Bitcoin.  Since they are the next generation that will become dominant replacing the older generation, this shows a great potential for Bitcoin adoption and promising expansions of people getting engaged with Bitcoin economy.  This also show that Bitcoin will not have any difficulty when the generation transition since it already establish a foothold on the heart of these younger people.

[osasshem]

This generation is actually looking for were to invest their money and earn returns.The banks are not helping here because even if you save your money in the bank it amounts to nothing because the interest rate is so low.

Interest rate being low is one, that is in countries that the banks gives to its customers interests. In my country, instead of interest, you are being charged of different fees from one reason to the other on monthly basis, then the ones that comes within weekly intervals.

Invest ones funds in crypto currency, mostly Bitcoin is the best option for me in my country, and to all citizens who has the knowledge of crypto currency.

[batang_bitcoin]

This generation is actually looking for were to invest their money and earn returns.The banks are not helping here because even if you save your money in the bank it amounts to nothing because the interest rate is so low.

Banks interest are not that much for what we want as a profit or return. But I think people are using banks the wrong way, they're only giving incentives and shouldn't expected to give that much because they're just storage of fiat if you don't have a safe at home or you do but you want to keep as many as you can onto them. That's the reason if someone wants to keep their wealth and earn from it, bitcoin is the best choice.

[PremiumcryptoHub]

There are many ways to test what Bitcoin is for the younger generation and Bitcoin creates a potential investment opportunity my idea the demand for Bitcoin as an alternative currency is now at its peak. It is largely true that Research on Bitcoin shows that El Salvador is leading the way in teaching Bitcoin to the youngest students, perhaps it is from among them that future generations will emerge as owners and investors of major Bitcoin companies.

In fact bank interest is very insignificant compared to our profits, which has created a tendency among young people to choose digital currencies because they are willing to accept the volatility and risk. It now appears that many countries are building strategic reserves, even it is true that middle-income countries are leading the way in hedging inflation and using crypto for payments.

[Bitcoin_Arena]

Then if I go with this logic, the younger generation around me (neighborhood) is not interested with Bitcoin and are more fascinated in social media activities does it represents the majority of the younger generation?   I think stating a statement that deals with a number needs a statistics that supports it else it is just an anecdotal statement.

I don't even see any different point you are making here. Just reputation of what I said, and it's just common sense when you look around, the Younger generations are more interested in Bitcoin vs. the older generations hence no need to look for graphs.

Do you want to tell me that in your community, you have never across someone young with a Bitcoin wallet or crypto exchange app, at least in the mobile phone? Because I have come across them, several times, besides social media.

[Woodie]

To start with, in today's world, people have moved from the use of traditional cash to digital platforms for their daily transactions, now imagine we have cryptocurrencies that exist exclusively online and come with other benefits of middle man exclusion, total control of our digital money, no maintainence fees and all that..if we do the comparisions of digital fiat vs cryptocurrencies we all know who the winner will be...and for the icing on the cake, this generation of today and the younger ones are all tech savvy so this acceptance of Bitcoin will be a walk in the park.

[Maslate]

This generation is actually looking for were to invest their money and earn returns.The banks are not helping here because even if you save your money in the bank it amounts to nothing because the interest rate is so low.

By looking at how young generation these days were able to accumulate investments and become millionaires at a young age, this is a living proof that they can easily embrace the current technology and the opportunities that come along with this digital era, and bitcoin investment is never an exception.

They are more passionate in dealing with cryptocurrency, in short, they love to take risks more than fearing it. And that’s what gained them higher advantage compared to those old generation.

[peter0425]

Is there any data or research that shows Bitcoin has significant adoption as a store of value or as a mainstream investment from young people.  Maybe it is a common belief but no evidence to support it. 

Hard to find a complete and accurate data because not everyone is open about investing especially in crypto because we know sometimes the prejudices or maybe legal concerns

Yes, some young people are interested in Bitcoin, but it is very questionable they are using it instead of traditional savings.  I dont know, maybe Im wrong, but Id like to see some concrete data. At least I havent come across any.

The young people are the ones who can’t get off their phones. Who do everything with social media. Who can’t survive without the internet connection so it’s only fair to assume that a lot of the new generation are using crypto for investment instead of traditional ones.

[Man of peace]

Yes it's really a welcome development, because it helps to improve and impact good knowledge  of trading and investment which enable our young generations becoming rich through the trading and investing, which has not been into existence before now.

A lot of our young generations have acquired wealth over night through the help of the technologies and existing of the cryptocurrency has helped in powering our generation and creating in kind of job opportunities for our young youth and others,in the sense that our generation today engage themselves in different kinds of trading and investment, which helps to reduce rate of poverty in   our society and our country at large..

Our fore fathers who didn't meet this or have no knowledge about the cryptocurrency, suffer a lot in order to gain a living, banking system was not a helping matters,..

[blockman]

What I want to happen is whenever we go to the banks and tell them that we own some Bitcoin, they'd give some special treatment to us. If they ask how much we own, it will depend on how much we're willing to mention to them. The early adopters are in advantage on it and we'll get some treatment that we like because before, the banks are not so fond of Bitcoin and have been against it. So, every time I tell that my money comes from Bitcoin, their eyebrows were raised and they think of it as sort of a con because all they know is Bitcoin was from the illegal traders. But that narrative is changing and if they will start to give some loans and collateral from a Bitcoin holder, they'll attract more holders on them.

[Fivestar4everMVP]

This generation is actually looking for were to invest their money and earn returns.The banks are not helping here because even if you save your money in the bank it amounts to nothing because the interest rate is so low.

Interest rate is so low and this is not really the main issue, the main issue is that inflation is on the other hand very high, extremely very high. One could lock up some funds in the bank for one year at an interest rate of 15% or maybe a little bit higher, by the time he gets this funds back with the interest, inflation must have caused the money to lose a significant percentage in purchasing power, which means that price of things in the market may have doubled or even tripled now compared to one year ago when you initially locked the fund, you then discover that even with your money and the interest you have earned, you are still in a big loss as this both of this money put together can no longer buy what only the initial capital could have bought one year ago.

This is one of the major reasons why those who are sensible well enough about this are all embracing bitcoin and investing in it rather leave their money in fiat currency, which is a gateway to a life of poverty.