Millennials are key to Bitcoin adoption
Born in the late 80s and early 90s, people prefer to invest in crypto and high-tech startups rather than in the entertainment industry. Analysts at the Kraken Crypto Exchange believe that the price of Bitcoin could reach $700 000 over the next 25 years, with large capital inflows.
Kraken believes that generations of millenials (24–39 years old) and generation X (40–55 years old) will pump nearly $1 trillion in Bitcoin capitalization over the next 25 years, as both generations reach consensus on the status of the cryptocurrency. This transition period at Kraken has been called the “Great Bitcoin Adoption”.
The high rate of cryptocurrencies in the younger generation shows that future generations trust in digital value storehouse. Both GenX and millennials are behind the rise of Bitcoin in the last few years.
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