Cryptocurrencies Offer Millennials the Opportunity to Take Back Wealth Stolen By Their Baby Boomer Parents

In case you haven't already noticed, the Baby Boomer generation has destroyed the US in almost every way possible, upending social order and economic institutions upheld for many years. The welfare and warfare states have grown exponentially under their selfish and immoral leadership, ballooning the federal deficit, debt (now over $20 trillion), and off-balance sheet obligations (estimated at over $200 trillion for Medicare, Social Security, etc.) As any sensible economist will tell you, these debts and obligations will be paid for by future generations through inflation (and/or higher taxes) and reduced economic growth.

Also, ever since President Nixon severed the dollar from gold in 1970, the cost of health care, education, financial assets, housing, food (and everything else you need to live) has risen substantially. Baby Boomers have been the biggest beneficiaries of the housing and financial asset bubbles (think stock and bond markets). While their net worth has grown significantly for decades, Gen-Xers and Millennials have gotten the short end of the stick with expensive student loans, overpriced homes, and an anemic job market. And keep in mind, younger generations will still be on the hook for all of debt our nation accumulated long after Baby Boomers have passed on. Basically, young people today got a really lousy deal!

However, younger generations are adopting cryptocurrencies at faster rates than their parents generation. When the stock and bond markets crash in the not to distant future, Baby Boomers will rush into non-financial assets like cryptocurrencies -- driving prices to unimaginable levels. And Millennials which are getting on the train earlier will benefit from the vast price run up that will be driven by later Baby Boomer adoption.

So, don't just sit back and complain about how our parents wrecked a once beautiful and prosperous nation, take action and buy Bitcoin and other cryptos. Think of it as a vote against our parents bad choices!