Content adapted from this Zerohedge.com article : Source
It is no secret that millennials think differently from everyone else. They never experienced a time without cell phones, laptops, or the internet. What they did experience was a stock market collapse, housing bubble bursting, student loans, and weak job market.
With the advent of bitcoin, the Millennials had something to call their own.
The price of bitcoin dropped over 60% from the peak. You would think this would shake this group of people.
Bitcoin is struggling to retake the $9,000 level after its spectacular implosion last month - its worst since the very early days of bitcoin when the price of a single token was much, much lower - but the selloff that left millions of marginal investors around the world holding the bag hasn't dampened the enthusiasm of the virtual currencies most dedicated evangelists.
This generation embraced bitcoin as their "gold" which is a far-cry from how the baby boomers viewed things.
"Crypto is millennial gold," he said. "To baby boomers, gold was gold. That was the thing to go to. Now crypto is the new gold and it's going to be the same way. History has a tendency to repeat itself. From gold to virtual gold."
Volatility means very little to this group. Bitcoin has experienced many ups and downs ever since it came into being almost a decade ago.
"I've seen this dance before. It's just like the internet in 1986 before the web came out," explained Dave, a man in an oversized black and gold bitcoin tee shirt. "This is just the beginning. The volatility is like little bumps in the road. Five years from now, every small change will hardly be visible."
For better or worse, this generation is married to bitcoin for the long haul.
Non-adapted content found at zerohedge.com: Source
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