Topic: Why Millennials like Cryptocurrencies (Read 243 times)

As the first generation to have grown up with these virtual currencies, millennials have different ways of thinking by default. New technologies are part of their daily lives and it seems quite natural to them. This generation does everything differently from their parents: booking a taxi, ordering pizzas, looking for a job or planning a vacation. And cryptomonnaies are obviously part of all this.

Millennials are particularly open to the adoption of new technologies to create their own opportunities. The Blockchain is in this spirit and the millennia welcome it with open arms.Young people are in a good position to take risks in a sector known for its volatility.

I think the cryptomone market is attractive for millennia because it is a space with a lot of growth and risks. People over the age of 40 already have a career and a family and are less inclined to enter a sector of rapid and volatile growth; moreover, it was the same for start-up founders over the past 20 years. Millennials are much more familiar with new technologies than Generation X or the baby boomers.

However older generations who want to get involved should not see their age as an obstacle. Most people who get into cryptomonnaies are between 22 and 40 years old. But anything is possible and there are many exceptions.

I personally think that Millenials really like Cryptocurrencies because they love what are the trends and what is up-to-date stuff. Millenials are getting more submerged and expose when it comes to the online world than the older ones, thus, naturally, they will like the Cryptocurrencies more than the adults. And eventhough despite the Cryptocurrency's advantage there are still risky side and dangerous part, millenials choose to explore more about this matter because they aren't that afraid since they think that we can never really know how things work unless we try it at first. Lastly, millenials like cryptocurrency because they find it convinient, easy to use, within by reach, accessible, and somehow practical to use.

 I think the openness to new innovation and technology is something that is common among most people in this day and age. The newer generations in the future would probably be even more open to new, breakthrough technology than we are.

Millenial generation likes freedom. We want to be independent. We want honestly and open relationship.

Millenial generation was known to be the most innovative and developed generation in terms of technology. Cryptocurrency is one of this innovation. This makes the millenials be attracted with it as they/we can see the potential of this currency. Also, millenials were also knowledgeable enough about those innovation making them aware with all of the aspects of such. Thus, millenials would be more attracted to it as it slowly takes the mainstream.

For the millennial generation, there are not many dawns in the future world. It is difficult for a millennial generation without a background to break through its own class. This is a common problem in capitalist countries around the world. Therefore, Millennials need to have future investment products. Otherwise they will feel desperate.

Not a millennial neither but growing up in online gaming worlds/societies I could attempt to relate and search for an answer from a gamer's perspective! Every game has a its own ecosystem. You need to learn what's valuable and how to level up in that specific game. That has equipped them with a set of skills and mindset that can be applied to every coin's ecosystem and actually be able thrive there thanks to them. Cryptocurrencies enable millennials to live in a virtual fantasy world and need nothing more, as their "gold" would have value for once.  That's the reality I envision in a couple of years and projects like mfx or hinounou, that are deploying complete ecosystems and currency agnostic mainnets able to integrate all crypto, forming 1 world, are the ones millennials are going to be "playing" tomorrow.

Not a millenial here but I really do not get the thing about bunching an age group and then just assuming things based on their generation. Maybe it's just me or whatever. I wouldn't know if millenials really do like cryptocurrencies. How much do they like it to say people in their 40's to 50's? If it were true, maybe it's because younger people are more open to new technologies than their older contemporaries. Blockchain, AI, or whatever new technology, perhaps they are more eager to learn more about these new things as they are the ones who are really going to live with them. And good for them.

The millennials may like cryptocurrency because it's quick money, but the question is can they even afford to buy even just a single coin? Profits don't just grow in trees and being tech savvy ain't enough if you've got the wrong mindset, which a lot of people have these days. Millennial or not.

Millennials are still living with their parents till they are 45! They are able to take more risk due to the fact they have the safety blanket of their parents paying their bills. 

It's risky. It has the "big buck" potential. It's the next logical thing in the world of technology development and economic markets.

Millennials nowadays are more of risk taker and they are living their lives with a belief of "YOLO". Before, young ones doesn't get that education on how to be financial free but since there are too many mentors out there sharing their thoughts freely.

Millennials get a chance to start living the life they want and having said with those financial advisors, taking risk is part of it and they are highlighting investment. And today, crypto's are now a well known investment, a digital asset so most of them like it.

I think millennials are very open-minded and quite tech-savvy to begin with, so it won't be a hardship for them to learn and embrace the concept of technology. More importantly, they're not afraid of change --and this is something the rest of us should learn. If our future will be digital and we'll become a cashless society, then we should be ready for that, right?

Yes that is true but they need to follow due process before making the money...hard work pays

Millennials like all young groups before them want to make bank quickly

 Millennials are the first generation to grow up in a digital age. Millennials order their food online, their taxi’s, connect with their friends, maintain their business networks and get their entertainment online. This desire for the digital makes cryptocurrencies an attractive choice for millennials.

Cryptocurrencies are an exciting new technology, but they are also somewhat risky and volatile. This means that it’s an attractive choice for young people testing the waters, wanting to see where it can lead. People who are older and are settled down with a mortgage and children are less likely to want to partake in risky behavior because negative results will be further reaching for them.
https://all-stocks.net/survey-25-of-millennials-use-cryptocurrency-30-want-to-learn-more/