{"id":130762,"date":"2020-12-11T02:57:23","date_gmt":"2020-12-10T23:57:23","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/millennials-will-boost-bitcoin-adoption-for-years-to-come-blockfi-ceo\/"},"modified":"2020-12-11T02:57:23","modified_gmt":"2020-12-10T23:57:23","slug":"millennials-will-boost-bitcoin-adoption-for-years-to-come-blockfi-ceo","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/millennials-will-boost-bitcoin-adoption-for-years-to-come-blockfi-ceo\/","title":{"rendered":"# Millennials will boost Bitcoin adoption for years to come: BlockFi CEO"},"content":{"rendered":"

“# Millennials will boost Bitcoin adoption for years to come: BlockFi CEO <\/strong>”
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Millennials, a generation beleaguered by student debt, low pay and a lack of savings, can rewrite their financial narratives using Bitcoin (BTC) and cryptocurrency according to a panel discussion at this year’s BlockShow summit in Singapore.<\/p>\n

That was the key takeaway from the \u201cMillennial investment trends \u2014 new wave of personal finance\u201d panel featuring Aya Kantorovich of FalconX, Zac Prince of BlockFi and Grayscale\u2019s Michael Sonnenshein. The panel delved into Millennials\u2019 impact on the future of digital assets. <\/p>\n

During the discussion, Prince identified three major Bitcoin adoption trends that are\u00a0inextricably linked to Millennials and younger investors: The ongoing wealth transfer from Baby Boomers to the young via inheritances, the growth of alternative assets and shifting preference for everything digital.\u00a0<\/p>\n

Alternative assets under management topped $10 trillion globally in June, up more than 55% from 2013, according<\/a> to data provider Preqin. Although much of that shift has occurred at the institutional level, Millennials will play an increasingly vital role in this market. <\/p>\n

Prince said he expects crypto to \u201cgrow as a share of that alternatives bucket.\u201d<\/p>\n

\u201cCrypto-invested Millennials is an insanely valuable group […] These are people who were ahead of this trend.\u201d<\/p><\/blockquote>\n

In Prince\u2019s view, it\u2019s only a matter of time before more financial institutions create onramps to serve these demographics. <\/p>\n

\u201cIt\u2019s really a question of accessibility,\u201d Aya Kantorovich, head of institutional coverage at FalconX, added. While less bullish on current Millennial trends, Kantorovich said that her firm has seen a large influx of retail-facing aggregators and payment providers that \u201cneed good liquidity,\u201d which is a clear indicator of growing adoption at the consumer level. <\/p>\n

Michael Sonnenshein, Grayscale\u2019s managing director, also identified an important shift in how people, especially younger generations, view crypto diversification. <\/p>\n

Although many believe that diversifying into <\/em>crypto is an important decision, diversification within <\/em>crypto is also growing in importance, he said. Investors are starting to look beyond Bitcoin and into other assets with \u201cstaying power,\u201d such as Ethereum (ETH) and Litecoin (LTC).<\/p>\n

Sonnenshein talked about the growth of \u201cEthereum first, or in some instances, Ethereum only investors,\u201d an insight he also shared with Bloomberg last week. <\/p>\n