Cryptocurrency market can easily continue to grow for 20 more years
Despite the enormous volatility of crypto coins, young people are less intimidated by Bitcoin and Co than by shares. The financial crisis of 2008 caused so much damage that cryptocurrencies are much more attractive to young people.
Ten years ago many young people have witnessed how their parents lost up to 50% of their investments. 82% of respondents say that their decision to invest in the cryptocurrency market over the stock market has to do with this.
Young people aged between 18 and 39 invest much less on the stock market than other generations. Only 1 millennial in 3 invests in the stock market against 51% in the age group 36-51 and 48% in the baby boomers (52-70).
Bitcoin's anti-establishment and decentralized system brings hope to young people for a new economy where the individual is more important than the company. Young people also feel that the game on the crypto market is played much more honestly because it is new to everyone.
20 years of rising prices for the best cryptocurrencies
Tom Lee, Fundstrat's strategist who until today is one of the few Wall Street analysts to correctly assess the crypto market, says crypto coins are ushering in a new era. The younger generation is growing up in a world of digital business, social media and Bitcoin. They buy cryptocurrencies like baby boomers bought stock in the 80s.
Because young people in particular are interested in this new market, the crypto market will continue to grow for at least another 20 years. As these young people become more and more active on the financial markets, more money flows. The average millennial is today 25. The baby boom generation averaged 25 in the early 1980s. This drove the stock market to unprecedented heights until the late 90s.
Fundstrat's price target for Bitcoin is currently $ 11,500 by mid-2018. According to their model, Bitcoin will rise to $ 25,000 by 2022. But Lee also said in a previous interview that a lack of liquidity could catapult the price for Bitcoin to $ 75,000 per BTC.
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I would love to hear from those young people why crypto doesn't bring any risk along to invest in?
And yes this is a rhetorical question 😀
Well there are many different reasons for this probably :)
There is definitely still risk involved so the wording in the article isn't the best description, but I still see many valid reasons why cryptocurrency is so attractive to the younger generation
That is good to hear more from this generation are going at crypto rather than regular stock. Hmm it is the age of tech though and that is the route many are starting to go and it`ll only keep going as time goes on. Crypto indeed is the currency of the future.
Many different reasonings are possible, the age of the technology is one of the many explanations I think.
It is not necessarily the currency of the future but there is still massive growing potential.
Did you invest naglfar?
Yeah massive growing potential for sure there are so many different coins I have been seeing lately mentioned sometimes I didn`t even know there were so many out there it is crazy! And I am still finding out more now.
Ah me invest? like get an actual coin yet? hmm no not just yet but when I am able to and finally make a solid decision on which coin to go with I
ll give a shot atlast.For now Ill keep learning and getting knowledge on these.Don't wait too long my friend. You have been active for a long time on this platform and you probably already missed the biggest drop in value. Don't watch on the sidelines forever bro.
Investing is really easy and you don't have to invest in just 1 coin. With a few 100 bucks you can already acquire a decent portfolio and get some nice profit. If you need help, just ask :)
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