您现在的位置是:Millennials will power Bitcoin adoption >>正文
Millennials will power Bitcoin adoption
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛774人已围观
简介Millennials will boost Bitcoin and other cryptocurrencies adoption for years to come as the emerging...
Millennials will boost Bitcoin and other cryptocurrencies adoption for years to come as the emerging market grows
Promoting Bitcoin (BTC) adoption will be in the hands of millennials. These comments were made by the BlockFi CEO in a panel discussion at this year’s BlockShow summit in Singapore. The panel shared insights on the future of cryptocurrency adoption and what needs to be done to ensure that the industry moves forward.
The panel consisted of Aya Kantorovich of FalconX, Zac Prince of BlockFi and Grayscale’s Michael Sonnenshein. Zac Prince, the CEO of BlockFi, stated that millennials are a generation plagued by student debt, low wages and a lack of savings. However, they can rewrite their financial story using Bitcoin and cryptocurrency.
The discussion themed “Millennial investment trends—new wave of personal finance” talked about Millennials’ impact on the future of digital assets. Prince highlighted key adoption trends linked to young investors and millennials.
The first is the transfer of generational wealth from baby boomers to millennials via inheritance. The other two are the rise of alternative assets and the younger generation’s preference for everything digital.
Earlier this year, data provider Preqin revealed that alternative assets under management reached $10 trillion. The figures are up by 55% from 2013. Alternative assets are investments that don’t conform to the traditional asset classes of stocks, bonds or certificates. They include hedge funds, commodities, real estate, structured products, private equities and collectables.
While most of the alternative assets under management are controlled by institutions, millennials will play a huge role in promoting the market over the coming years. Prince stated that he expects cryptocurrencies to grow as an alternative asset class over the coming years, and millennials would drive this growth.
He added that as the crypto-invested millennials increase their investment portfolio, it is only a matter of time before financial institutions roll out more products to serve these demographics. This prediction is already coming to reality as institutional funds have been flowing into the cryptocurrency sector faster than in the past.
By the end of 2019, crypto funds only had $2.5 billion in assets under management. Fast forward a year later, and crypto funds now control nearly $15 billion in assets under management.
The focus isn’t limited to Bitcoin, as most people think. BTC takes the lion’s share of the market, but investors are now looking at other products. Michael Sonnenshein, Grayscale’s managing director, stated that the younger generation is viewing crypto diversification as a key part of growth. They are now looking at other assets like Ethereum and Litecoin.
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/254312.html
相关文章
SundaeSwap’s (SUNDAE) to list on Bitrue starting next month
Millennials will power Bitcoin adoptionSundaeSwap’s (SUNDAE)will be listed on Bitrue in the next month. The news is a big shot in the...
阅读更多
Crypto investment products see $136M for 3rd week of inflows
Millennials will power Bitcoin adoptionBitcoin inflows over last week was $133 million, compared to Ethereum’s $2.9 million.Total inf...
阅读更多
Shiba Inu price prediction as Chancer’s presale approaches $1.3M
Millennials will power Bitcoin adoptionKey takeawaysShiba Inu is up by more than 30% over the last 30 days, outperforming other major crypt...
阅读更多
热门文章
- Much anticipated Filecoin mainnet launch to happen today
- Bitcoin touches $29k for the first time since May: Why is Bitcoin price up today?
- Brave Partners with PhishFort to Protect Crypto Users
- Shiba Inu burn rate up 800%: 1.8 billion SHIB tokens burned
- Ethereum Reach A $1 Trillion Valuation This Year
- Lugano, Switzerland announces Bitcoin, Tether and LVGA as legal tender
最新文章
Digital Yuan (e
UK law firm accepts Bitcoin, Ethereum, Cardano and other crypto
Bitcoin Cash (BCH) price forms a falling wedge: Is it safe to buy?
Mirror Protocol (MIR) Price gained 18% in 24 hours, is it time to buy?
Neon EVM Launches on Solana Mainnet
Staynex Announces Exclusive Partnership with Miss Grand International in Vietnam