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

[iBaba]

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.

The competition between Bitcoin and Fiat is similar to the unwritten competition between the young people and the old over technology, new order of life, etc. Majority of the older persons are kinda rebellious to the bitcoin tech and do not want to open their minds towards the modern technologies as they see it as unreliable, not physical and unrealistic. The younger ones on the other hands trust the digital currencies and are always in tune with the trends and advancements that follow these fintechs thereby making both the young and the old not to be on the same page.

We are the ambassadors of this crypto currency called bitcoin and we will be the ones to promote it and set the right image for it. Although we have more population in the world than the other people which makes it easy for these technologies to go widespread due to our voices, but do not forget that the older people dominate the government positions so they are large in charge of legalising these technologies like bitcoin and designing policies that guide the use of these innovations. Now makes it more important for both the old and the young to work together

[pancelot]

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.

The younger generation understands that saving in a bank is no longer financially relevant. Interest rates on bank deposits are generally below inflation, meaning the value of the money will actually decrease year after year. Bitcoin also operates through a different mechanism, limited to just 21 million, so mathematically, it cannot experience excessive inflation.
Furthermore, Bitcoin transactions are global, transparent, and decentralized, independent of banking institutions that can change their rules at will. While volatility does exist in terms of returns, it also offers the opportunity for growth, far exceeding typical bank interest rates. In other words, I believe the younger generation today views Bitcoin not only as an investment instrument but also as an alternative financial system that is more efficient and resistant to typical manipulation.

[|MINER|]

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.

You are right, this idea has changed somewhat now, as it used to be that banks were not willing to lend against Bitcoin collateral, but now banks in many countries, from the USA to Europe, especially banks in Switzerland, are now providing loans against Bitcoin collateral. This is mainly possible because people's misconceptions have changed, but another major risk currently is that banks' interest in Bitcoin has increased abnormally because banks want to make a profit by including Bitcoin. Although this is not possible in the long term, it could certainly affect many traders in the short term and that also could be massive.

[Ojima-ojo]

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.

our time is far more different from the previous generation, since most times education helps us to think better so for sure since they were not exposed to the kind of knowledge that we have right now, they can never make smart decisions like us.

When it comes to investment and finances, education is very important that is why we always seek that new investors seek knowledge first before investments, this is the ultimate thing to do to avoid mistakes along the line, Bitcoin have given us this generation that chance to make better financial decisions.

[Nothingtodo]

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.

In the future, the young generation will not keep money in banks because the interest rates in banks are very low and moreover, if you keep a fixed deposit, the interest rate does not increase over time and the value of the money that is kept in the bank as a fixed deposit continues to decrease due to inflation.
So instead of keeping money in the bank, the young generation is now giving importance to investing in Bitcoin, so there is no doubt that Bitcoin will become an investable currency in the future. And banks will definitely be replaced by Bitcoin, that's for sure.

[edroi]

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 totally agree... young people are thinking smart about their money.. banks don’t give much return so bitcoin & crypto feel like a way to actually grow their savings and take control of their finances

[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.

You are right, this idea has changed somewhat now, as it used to be that banks were not willing to lend against Bitcoin collateral, but now banks in many countries, from the USA to Europe, especially banks in Switzerland, are now providing loans against Bitcoin collateral. This is mainly possible because people's misconceptions have changed, but another major risk currently is that banks' interest in Bitcoin has increased abnormally because banks want to make a profit by including Bitcoin. Although this is not possible in the long term, it could certainly affect many traders in the short term and that also could be massive.

It all started with crypto exchanges wherein they are allowing their users to use Bitcoin holdings as collateral but of course, maybe 70%-80% of total value that they can give. It depends on their assessment but the banks are getting the idea now. It's true that the narrative has changed a lot for Bitcoin. Before, many were scared about it. This time, if they know that you own some, you'd be treated as if you're so rich. Little did they know, we're just holders but we don't have that much for them to be impressed.

[peter0425]

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.

our time is far more different from the previous generation, since most times education helps us to think better so for sure since they were not exposed to the kind of knowledge that we have right now, they can never make smart decisions like us.

When it comes to investment and finances, education is very important that is why we always seek that new investors seek knowledge first before investments, this is the ultimate thing to do to avoid mistakes along the line, Bitcoin have given us this generation that chance to make better financial decisions.

Every generation will have to adapt to the trends or other circumstances in order to survive in life. Now that we are in the era of cryptocurrency, slowly it is becoming the norm. Few years from now even the younger ones will know and use crypto and they might not even uphold banks into the same standard the way the older generations did

[|MINER|]

It all started with crypto exchanges wherein they are allowing their users to use Bitcoin holdings as collateral but of course, maybe 70%-80% of total value that they can give. It depends on their assessment but the banks are getting the idea now. It's true that the narrative has changed a lot for Bitcoin. Before, many were scared about it. This time, if they know that you own some, you'd be treated as if you're so rich. Little did they know, we're just holders but we don't have that much for them to be impressed.

That's also true.
This type of crypto based collateral is being staking through various centralized exchanges and currently we see many platforms that provide this type of loan service. And there are also things like adding liquidity. Basically, the risk here is completely on the user. The risk of the platforms is very low. So the profit in this investment is also high.
And that's why it's natural for banks to be attracted to it. I think in the future, most banks will be providing this type of loan, because here they don't have to go physically and waste time and money to take collateral, which is less risky.

[Stepstowealth]

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.

The younger generation are more inclined to technology than the old one. You may be surprised the depth of knowledge of the digital space that these young people have so I am not surprised that they are more likely to be more easily convinced to invest in bitcoins than older people will be. You have people from the older generation who are already used to other means for investing their money and hence accepting this new digital opportunity to invest may not be something they will quickly accept. In some years when these young ones become old, we will then have old people who have deep knowledge of bitcoins, better than the old people of today.

[AmaGold70]

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.

The economy in our different countries is hitting the older ones that are doing 9/5 collar jobs so hard and some of them are finding it difficult to keep up with their basic needs so the younger ones are doing everything possible to rewrite their story by skipping the 9/5 collar jobs and probably escaping the same fate as the older generation by accepting Bitcoin and investing in it massively. Bitcoin has proven itself over the years that it is worthy of every hype it gets globally and the younger generation understands the crypto space better. We the younger generation are thinking smart and we choose Bitcoin investment to make good returns.

[Franctoshi]

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.

Bitcoin is the dot.com of the 21st century, it's obvious they will accept Bitcoin as Alternative method of payment and a store of wealth or value. Imagine where everyone decides to be their banks ,(self custody banks will begin to people and pay them higher interest save their money with them, but currently they pay people peanut interest on their savings in the bank, whereas they use our money to trade, lend and make huge amount of money on daily bases. The younger generation needs to wake up and embrace Bitcoin to be freed from this decades of banks enslavement.

[Ziskinberg]

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.

Do not save your money in a bank if you aim to experience good returns, but push yourself to invest and reinvest, that’s the best possible way to acquire maximum returns in the long run.

Bitcoin acceptance and adoption will always lead to its greater heights, this isn’t just for the young minds, but even the old ones. As long as there is continuous positive feedback about bitcoin and that people are also moving forward on bitcoin, it will definitely pave way for bitcoin to a new growth and development.

[Sanitough]

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.

This generation are mostly risk takers, so they don’t want to settle where there are no challenges, but would preferably want to risk with bitcoin. That’s because bitcoin is an innovation, and these young people do really fit for bitcoin especially their tech-savvy and easily get acquainted with bitcoin.

So I don’t get surprised why bitcoin acceptance is so easy these days particularly for this young generation. They love taking risk and challenges, so they get attracted with bitcoin.

[blockman]

It all started with crypto exchanges wherein they are allowing their users to use Bitcoin holdings as collateral but of course, maybe 70%-80% of total value that they can give. It depends on their assessment but the banks are getting the idea now. It's true that the narrative has changed a lot for Bitcoin. Before, many were scared about it. This time, if they know that you own some, you'd be treated as if you're so rich. Little did they know, we're just holders but we don't have that much for them to be impressed.

That's also true.
This type of crypto based collateral is being staking through various centralized exchanges and currently we see many platforms that provide this type of loan service. And there are also things like adding liquidity. Basically, the risk here is completely on the user. The risk of the platforms is very low. So the profit in this investment is also high.
And that's why it's natural for banks to be attracted to it. I think in the future, most banks will be providing this type of loan, because here they don't have to go physically and waste time and money to take collateral, which is less risky.

Let's hope for the best. We will have that leverage if they will start offering that kind of service in the future. Because many of us might be in need of that. We've got more into crypto than in fiat and that's why we're having lesser privilege and services offered by them because crypto or having Bitcoin is irrelevant to them. So, if they will start doing that, they're the reason why their mark up is going to be high of having two markets that they have for their loaning services. For fiat and as well as for crypto customers that could be loyal to them once given that grant successfully.

[SatoPrincess]

I can’t speak for the rest of the world but in my country bitcoin is very popular with the young people ranging from teenagers to people in their 40s. And with the devaluation of the naira it is not surprising that a lot of Nigerians are looking for alternative means of store value and investment.

[SmartGold01]

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.

In fact same bank still uses your money for business, for instance they uses your money to loan to people, and after which they gives you a very little percentage, it doesn't ends there but they still went ahead to charge you again as service fee. Indirectly or directly you gained nothing while leaving your money in bank.

Naturally, you loses more when you leave your money in bank but with Bitcoin you aren't taxed or even pay charges at every month or yearly, you are only charged when making transfer and that is just $0.2 depending on mempool at the moment.

[Agbamoni]

I could remember many years ago, saving money in the bank yields a high interest annually. Before banks used to have the highest interest rates, inflation was literally lower, and there were few investment assets with a good ROI.

However, now is different. Bank interest are low, and inflation investment faster than return of investment (ROI). The safest place to save or invest is Bitcoin.

[michellee]

Yes, that is good for Bitcoin because Bitcoin will get more support from them. That will make the adoption process grow better while the young generation has the right place to invest their wealth. Maybe they will be more open about something new so they will know that the world is changing. They want to participate in that because they know that a new world is coming and if they don't take part, they will not earn anything.

They can learn something because they are friend with the Internet. Most of them are familiar with the use of the Internet so that will be a benefit for them to search for how to use Bitcoin better.

[Iranus]

I could remember many years ago, saving money in the bank yields a high interest annually. Before banks used to have the highest interest rates, inflation was literally lower, and there were few investment assets with a good ROI.

However, now is different. Bank interest are low, and inflation investment faster than return of investment (ROI). The safest place to save or invest is Bitcoin.

Bank deposits remain the same and are even higher than many years ago but the problem is that the world is becoming more unstable and causing inflation to rise faster than bank interest rates. That is why we have the feeling that bank deposits are getting lower and lower.

Before bitcoin and crypto came into existence, there were also many investable assets that gave good returns but because the internet and technology were still limited at that time. Especially for third world countries. So we think there are not many investment opportunities but in fact, stocks, commodities or gold have been investments for over 50-100 years.