Millennials are Currently Trading Cryptocurrency on the Market
As times change, Millennials are becoming older and planning for their future ahead. Many of them are thinking about ways to make a lucrative savings account, but still keep up with the changing times that we are all faced with.
Marred by corporate interests and a wealth of available information, millennials are now looking towards other funding options that do not seem so shady and are not only more lucrative, but have added security that doesn’t come from the traditional methods.
Millennials believe that they are part of a sharing age. They share all of their information through technology and work together to make a change or a difference. When this is done correctly, many of the traditional means of not only investing and monetary arrangements but with other aspects, everyone is able to grow and prosper with the world.
Once called SMART investing, many of the millennials are looking for alternative ways to fund their futures. While social security was once an option, with so many changes in the economy, it doesn’t seem that many of the millennials are going to have an open pool to dip from.
Many wonder why the millennials are the ones being targeted in this new cryptocurrency scheme?
The switch from those traditional equities to cryptocurrencies are targeting the millennials especially because these are the users that show the largest disinterest in those traditional investment options. Millennials are excited about the new opportunities that technology has presented them with because they provide that empowering feeling to have the ability to participate in something without the normal traditional third-part interference that would normally present itself.
In the past, the third-parties that would interfere were welcomed and normal. Currently, millennials are trying to make it on their own, without trusting these other parties.
The Draw of Millennials
Millennial thinkers are raw and to the core. They want cut and dry and to the point information. They’re only interested in the new market and what it has to provide them with. Free from any centralization and rich with innovation and free-thinking, it is allowing the ambitious free-thinker with ways to support many of their initiatives that they once thought were out of reach.
They want to reward the greater good, work together and avoid third-party influences at all costs, as these can interfere with the changes and good they’re trying to make throughout the world.
The bottom line?
Millennials have been slowly shifting towards these cryptocurrencies in favor of conventional or traditional equities or savings investments to make a difference. Everything the millennial does, including their planning for the future, has to do with making a difference. Not only for them, but for the future ahead.
The security that cryptocurrency provides is remarkable to them. Not having a governing entity to back it up, take it away, cut it down or destroy it intrigues them. Cryptocurrency is not able to be devalued or confiscated, as it is not regulated through the government.
This bears so much weight with the millennials because they have a widespread distrust of the government or any governing bodies out there. This is why cryptocurrencies are fitted for the digital age, where many of the millennials are living, working and thriving. Technology savviness has exceeded technology skepticism throughout the world, leaving millennials with even more options and outcomes.
Cryptocurrency Continuing to be a Large Part of Millennials
As times move forward, cryptocurrency continues to be a large part of the millennials that are looking for alternative means to save and make investments. Many are hoping that these platforms will offer change to the otherwise traditional means of currency that we use, the dollar and coin. Not only do they feel that this currency is more lucrative, but it is more secure to the user due to not having a governing body that is controlling it.
Many believe that when cryptocurrencies become larger, government officials may choose to regulate the currency, as they currently do with the USD. As of right now, this has not happened, as cryptocurrency is still gaining popularity throughout the marketplace and with many users across the globe. While there are many, millions, there are currently not enough to make a complete switch.
Ernest Miller is a research analyst for Investment Talk. He has built his career as a banking officer and later on a financial advisor. Now, he is focusing primarily on blockchain and cryptocurrency, but here you will also find his texts on the traditional economy, as well as analyses of stocks and investments.