We need to consider generations when looking at new technology. Cryptocurrency is going to gain mass adoption from those generations that are technically inclined. This is not the Boomers.
In this video I discuss how we often overlook how the generatoin we are in affects us. With technology, if we step back, this is rather obvious.
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I am pretty sure you're speaking in general terms. I am at the tail end of the Boomer Generation. I get annoyed with my peers who refuse to be at least a little technically inclined. I love technology and do my best to keep up with it.
Certainly there are those who are the exception. And being at the tail end of the Boomers, you probably identify more with the Gen X crowd than those born in the late 1940s. This is how generations typically work.
That said, Gen X is hit or miss. Many are still very much against technology and clueless about it. They are the ones who are going to suffer. The Millennials are not a problem in that area.
So we have a couple of generations to clear through before we see a world full of people who are technically inclined.
Sad to think in these terms but this is how it often works. This is why there is such a time delay with so many things. Fortunately, it will enter the workforce first since the Boomers are exiting there at their fastest pace to date.
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Yeah, that's true! Many of the Boomers have either retired young by choice or have been forced out of their jobs. It will be nice to be around in the next 20 years to see how this all shakes out. 😀
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I think I've already made a similar comment on one of your posts, but in my country older generations refer to us millenials and gen zs as dotcom babies. Pretty fitting if you ask.
Anywho, thanks for the history class.
Yes and you dotbom babies are soon going to be running the business world. In another decade, most of the Boomers will be out of the workforce and many of the Gen X will start their exodus.
By the mid 2030s, it will be all yours.
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Crypto is for the open-minded, much easier to adopt within the young people but also in the senior and older ones. You might be amazed how some older people see crypto and their only regret is that this technology didn't come from a long time ago for them to make the most of it!
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That might be true but the key word is "some". There are some older people who were all over computing and the Internet. Most, however, resisted. There are also a lot more in the Boomer and Gen X range who try to avoid it. You would be surprised how many worked for years yet still have no idea how to use a computer.
That is the difference.
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we can only step forward ,not step back , that is our duty ,come on everybody i think .
LOL Well I am not sure it is a duty but it is how things unfold. As the older generations step aside due to age (dying), it becomes another one's show.
We are rapidly advancing to where the business world is being taken over by the Millennials. The Boomers are going out at a record rate and Gen X will start to move away in the next 10 years. That leaves the Millennials in charge.
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Social media is going to be a key factor in bringing Gen Z into blockchain and cryptocurrency because that's where they spend a great deal of their time. That's also where a lot of them put their effort into making money. Tiktok has essentially hacked their dopamine levels with their algorithm. My dad who is a late Boomer has asked me to help him buy some cryptocurrencies.
There is no doubt the medium to reach them is completely different. If anyone believes that broadcast television is the future (and the advertising along with it) they are in for a rude awakening.
Things are going to change a great deal over the next 20 years, much of it due to technology. This is going to put the "tech generations" in an advantageous position.
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My mom doesn't really understand phones that well. It was only after we started showing her how useful things were that she changed her mine. I grew up using computers and I am not adverse to technology. Technology is amazing and it should be embraced.
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That is the difference. You grew up using computers so you didnt have to learn a new technology, it was there for you. It was like learning to ride a bike, nothing new about it.
For previous generations, the computer was a new introduction that meant changing things totally. This is where we see the gap enter.
Companies that are run by the previous generations simply cannot compete since they end up falling victim to the Technology Gap. It is a major issue in investing.
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You're referring to me! 😃
Grow the hell up. LOL
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I wish all the confusions related to cryptocurrency get soon fade away and all accept it in a fair way! :)