Amidst the increasing popularity of Cryptocurrency, Millennials are now using it in building their future.
Some are misinformed when it comes to crypto, it is not just purely Bitcoin. Because there are a lot of crypto value in the market aside from Bitcoin.
Witnessing the trend of cryptocurrency, “bitcoin” and “cryptocurrency” are finally starting to become household words, we are still only at the beginning in terms of seeing what blockchain technology can accomplish.
As the first generation to grow up with digital technology at their fingertips, millennials have different ways of thinking by default.
Maybe because cryptocurrency is run by blockchain technology, that’s why a lot millennials are inclined with these trends.
Technology is seamlessly woven into day-to-day life in a way that feels completely natural.
Millennials do everything from getting a taxi and ordering food to finding employment and booking vacations differently from their parents. Cryptocurrency factors into this nicely.
According to Simon Yu, CEO of blockchain startup StormX, says, “Millennials are particularly open to embracing new technology in order to create opportunities for themselves–and blockchain, the tech behind crypto, is no different. As masters of the side hustle and challengers of the traditional 9-5 working lives of previous generations, millennials are welcoming blockchain with open arms.”
Chris Castiglione, who cofounded One Month and teaches a Bitcoin & Cryptocurrencies course there, also notes that the young are in a better position to assume the risk of an industry known for volatility.
“I think the crypto market is attractive to millennials because it’s a space with both a lot of growth and risk,” he says. “People who are 40+ years of age are likely settled down with a career and family, and less inclined to get into such a quick growth, volatile field. It’s been the same way with startup founders over the past 2 decades. Millennials also seem to be much more digitally literate than Gen X or baby boomers,” says Chris Castiglione.
Castiglione co-founded One Month and teaches a Bitcoin & Cryptocurrencies course.
“Many of the people starting cryptocurrencies and tokens do seem to be between the ages of around 22-40. [But] obviously anything is possible, and I could list many exceptions to the rule,” he says.