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Another new study has concluded that the millennial generation and the younger generations are attracting more and more interest for bitcoin (BTC) and cryptocurrencies, while there is growing mistrust of the With regard to the post-2008 global financial structure.
According to a new eToro survey of 1,000 online traders, 43% of millennial online traders place greater trust in crypto-encrypted stock exchanges than the US stock market. On the other hand, the vast majority of Generation X respondents feel the opposite.
The millennials who trade crypto unsurprisingly give more confidence to the fledgling badet clbad than to the stock market, but a third of millennials who do not trade crypto-currencies responded that they also trusted crypto on the stock market.
Guy Hirsch, CEO of eToro US, sees this as a "generational change". He said in a press release:
We are witnessing the beginning of a generational shift in the confidence of traditional stock exchanges towards cryptographic stock exchanges. The badet clbades themselves are at the heart of this change. The experience of younger investors in the stock market has been marked by a considerable loss of confidence, with the fall of Lehman Brothers due to irresponsible practices followed by the worst recession since the Great Depression. Confidence was further weakened when Americans found that hundreds of billions of taxpayer dollars were being channeled to larger financial institutions as their savings evaporated and banks got money. free with quantitative easing as their cost of living continued to rise.
In the end, the millennial generation is probably more attentive to Bitcoin's principles of decentralization, immutability and trustfulness – none of them help the bad actors of the traditional financial space to put in place corrupt financial practices. Explains Hirsch:
Because immutability is inherent to blockchains, real-time auditing is reasonable and cost-effective; that is why Millennials and Generation X believe that cryptographic exchanges are less likely to be manipulated and less likely to be rewarded with taxpayers' money. As more and more investors become aware of the benefits of blockchain, this trend will continue.
What do you think about Millennials' interest in Bitcoin and Cryptocurrencies compared to the traditional stock market? Let us know your thoughts in the comments below!
Images courtesy of Shutterstock.
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