For older people, the cryptocurrency market seems something scary and incomprehensible, while at the same time, millennials keep up with the times and invest money not in the usual stocks and bonds, but in cryptocurrency
After the financial crisis of 2008, millennials became deeply disillusioned with the prospects for the development of the traditional financial market.
According to MarketWatch, more than 80% of people aged 25 to 35 justify their decision to invest in digital currency due to distrust of the stock market. Namely, the fact that large banking players turned out to be in huge profit after the economy lost $14 trillion. during the financial crisis. Let us remember that a huge number of people then lost not only their capital, but also their jobs.
According to an analysis of data from one of the surveys, only 33% of representatives of the new generation own shares. For Generation X (ages 36-51) the percentage is 51%, and for Baby Boomers (ages 52-70) it is 48%.
Another study was conducted in which participants were asked where they would invest $5,000 in one asset. Only 3% of respondents aged 45 to 64 chose cryptocurrency, in contrast to 13% of millennials surveyed.
The fact that Bitcoin's decentralized system puts people over corporations, rather than the other way around, is very attractive to a new generation of investors.
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