Why Millenials prefer Bitcoin over Gold?

The next generation of entrepreneurs realised years ago, blockchain will impact and change our lifes in many ways. Millenials buy bitcoin, while their parents go for gold. Millenials are often seen as financial iliterates, but they arn’t. They invest to change the world, not only for profits. They invest into a financial system of the 21st century.

Decentralisation ultimately means independence from governments or centralised bodies. It is often seen as a digital type of anarchy. On the other hand, the advantages of distributed ledger technologies (DLT) – or blockchain – shall not be underestimated. Audit-trails, full transparency and 24/7 clearing is gamechanging in many ways and we will see strong impact of those applications in the years to come.

Even if it might be a little akward, the ultimate key driver for mass adoption of crypto assets and DLT, is regulation. Banks, Exchanges, Custodians and Wealth Managers have build infrastructure, got into partnerships and are clearly positioning themselves for the next wave of development. Blockchain came to stay, and millenial finance may no longer be ignored.

Recommended Links -> KYC-on-chain (kompany.com), KYT & Tax (Blockpit.com), Millenial Finance (IBTimes),