Cryptocurrency: it's not just bitcoin anymore. In under a year, the concept of cryptocurrency will turn 10. As it's aged, it has begun to create jobs, inspire entrepreneurs to create startups, and spawn hundreds of crypto-tokens with unique functions and development.
Millennials are, overwhelmingly, the generation fueling this trend. And while "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.
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Here's how millennials are using bitcoin and cryptocurrency to build the future.Why Cryptocurrency Is Uniquely Suited To MillennialsAs the first generation to grow up with digital technology at their fingertips, millennials have different ways of thinking by default. 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.
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.”
However, Castiglione says, older generations who want to get involved shouldn't see age as a limiting factor. "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....continue to page 2 of this article on Forbes here: https://www.forbes.com/sites/laurencebradford/2018/02/26/how-millennials-are-using-cryptocurrency-to...
Millennials are, overwhelmingly, the generation fueling this trend. And while "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.
Pexels.comHere's how millennials are using bitcoin and cryptocurrency to build the future.Why Cryptocurrency Is Uniquely Suited To MillennialsAs the first generation to grow up with digital technology at their fingertips, millennials have different ways of thinking by default. 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.
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.”
However, Castiglione says, older generations who want to get involved shouldn't see age as a limiting factor. "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....continue to page 2 of this article on Forbes here: https://www.forbes.com/sites/laurencebradford/2018/02/26/how-millennials-are-using-cryptocurrency-to...
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Francisco Gimeno - BC Analyst Millennial are a digital tribe. They understand tokenisation through online games, they know how to navigate the crypto world and use it for real life. They are the first full digital generation, and after them the so called Generation Z will see tokens and cryptos as normal as we see now credit and debit cards.