According to a panel discussion at the BlockShow Summit in Singapore this year, millennials, a generation trapped by student debt, low wages and a lack of savings, can rewrite their financial narratives using bitcoin (BTC) and cryptocurrencies.

This was the key to the rooftop panel “Millennium Investment Trends – The New Wave of Personal Finance” with Aya Cantorovic of FalconX, Zach Prinz of BlockFi, and Gray Scales by Michael Sunnenshine. The group delved into the impact of millennials on the future of digital assets.

During the discussion, Prince identified three major trends in Bitcoin adoption that are closely related to millennials and young investors: the continued transfer of wealth from the baby boomers to the youth through inheritance, the emergence of alternative assets, and the shifting preference for everything digital.

According to Preqin, the volume of alternative assets managed worldwide peaked at $ 10 trillion in June, more than 55% compared to 2013. While much of this shift has occurred at the corporate level, millennials will play an increasingly important role in this. Market.

Prince said he expects the cryptocurrency to grow “like a fraction of the alternative group”.

“The millennials who are investing in cryptocurrencies are a group of insanely valuable […] These are the people who have been at the forefront of this trend.”
According to Al-Amir, the emergence of new financial institutions to serve this demographic is only a matter of time.

“It’s really an accessibility issue,” added Aja Kantorovich, Head of Corporate Lighting at FalconX. While Cantoroviش was less optimistic about current millennium trends, Kantorovic said her company is facing a large influx of retail aggregators and payment service providers who “need good liquidity,” a clear indication of growing consumer acceptance.

Michael Sonnenshin, CEO of Grayscale, also noted an important shift in the way people, especially the younger generation, view coded diversity.

While many believe that diversification in cryptocurrency is an important decision, the importance of diversification in the cryptocurrency is also increasing, he said. Investors are starting to look not only at Bitcoin, but at other “durable” assets such as Ethereum (ETH) and Litecoin (LTC).

Sonnenstein talked about the growth “mainly Ethereum, and in some cases only Ethereum investors”, which he also shared with Bloomberg last week.

Source: CoinTelegraph

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