Millennials comprise 96 million Americans so essentially one out of three people today was born around or after the year 2000. So Millennials has more and more influence in every industry, including financial services.
Now this is a very unique group of people, just a square that the X Generation. They saw their parents lose their homes in 2008-2009. They have no trust whatsoever for the traditional financial banking system or traditional financial institutions and they only are interested in things that are outside that system such as the cryptocurrencies and our homes that are mostly paid for our finance without the traditional methods.
These folks are expected now to continue investing not in the traditional stocks and bonds in real estate, they invest in their mobility and possibility to travel and be free. Millennials has the highest purchases of recreational vehicles since the 1950s and 60s where they actually lives in. This is a new trend.
There’s suggestions that they will continue to invest and they only just started. Primarily in decentralized and transparent market supports the cryptocurrencies. There’s already predictions in Bitcoin price at a level that’s so high so far beyond anything anyone has ever announced even in the peak of 2017 predicting something much further Beyond 250,000$ we’re calling for here by 2022.
Read also: Bill Cosby Bought $5 million in Bitcoin to To Keep Creditors, Government & His Wife From $500M Fortune
It is forseen that mainstream use of cryptocurrencies will be primarily in the United States driven by the Millennials and then outside the United States it will be driven of the need for financial services in third world and emerging economies where they simply just don’t have access and they haven’t had access to these key services and financing and banking.
Millennials might be the reason US equities and housing reaches its peak and leads cryptocurrency markets to resurgence.
More great insights in video below: