12 years ago, I met a woman who had just recently retired from Morgan Stanley. She was a broker that used to manage multi-millions dollar portfolios. She was a truly remarkable woman for having accomplished so much without having a college education, for she started a family right after high school at the age of 18.
When her kids grew older and became independent, she looked for a job to pass the time, and that's how she ended up at Morgan Stanley. She found a calling and perused a career having passed her Series 7. She worked her way up through the company's ranks where she eventually became one of their top brokers. She was a brilliant woman who had a knack for picking winning stocks at the perfect time. She was always reading the papers to find news and events around the world that may impact the stock market.
One day, in 2004, (1 year before she retired) an unknown company gave their presentation to the brokers at Morgan Stanley, in the hopes of garnering support for their Initial Public Offering (IPO). She did not understand the presentation and could not see the value of this technology. The unknown company's IPO price was also $85.00 per share, which she thought was very high for an IPO, especially for a company that she was did not understand. Warren Buffet and his firm also passed on investing as well, for the same reasons my friend did. However, she was surprised to to see that many very young and inexperienced investors decided to participate in the IPO. She figured, "Well, they gotta learn sometime."
By 2006, just 2 years after their IPO, this company had turned many young investors in their 20's and 30's into millionaires. As of April 2017, their Market Cap reached 600 billion dollars. This unknown company is now the largest internet marketing company in the world; GOOGLE.
Every time my friend turns on her computer and uses Google, she is filled with regret that she did not see the value in their technology, like the other younger investors of her firm did. Although she is very comfortable in her retirement, she lives with the regret for not seeing the potential of this the innovative, life changing technology.
People who fail to see ground breaking technology will always be left behind and the open mindedness of the young, and innovative will always move this technology forward.
What is Crypto Currency's secret weapon?
Cryptocurrency's secret weapon are the millennials. That's right, the Millennials!!! The are the secret weapon spear heading this technology. They are supporting the movement and changing the hearts and minds of people all over the world.
Why are the millennials behind the crypto currency revolution?
Growing up, many of them lived through the hardship of the 2008 market crash where our government bailed out Wall Street, big banks, and other industries. Wall street took that money and paid their brokers big, fat, bonuses instead of returning the money to the investors who lost their life savings. Those funds could have helped so many people who lost their jobs, homes, security, dignity, and even lives. That greed and corruption began the mistrust in the stock market.
This began the idea of decentralization where we bypass the corrupt and greedy banks to transact with each other. Thus the idea and the revolution of Bitcoin through Blockchain was born. If you look at the numbers, when asked would you invest in the stock market, 33% of millennials said they might. However out of that 33% only 5% actually did invest. When asked about bitcoin, 70% said that they would buy it, and 30% already had it. What will happen to the old market when our future is not investing in them? It will crumble and crash. The old republic will need to do something that will switch the money and power back to them. Do you think that these juggernauts, that control the economy, will just stand by and watch their money go down the drain. No, they will fight back, spread lies, fear, uncertainty, doubt, fake news, hatred, and all the negativity around this new innovation to make you go back to traditional investing.
The millennials are taking a stand and saying "No More". They have garnished support for this new market and backing decentralization and crypto currencies. This is the future and we are at the beginning of this revolution. We are waging civil war against the old traditional market full of corruption, greed, manipulation, and politics. The millennials are slowly changing the minds of their friends, parents, family, relatives, neighbors, coworkers, and slowly bringing them to crypto currencies. But they are doing this without putting any advertisements on television, without any marketing budget, without ads on the news paper. They are doing this through actions, social media and word of mouth. Even Giancarlo from the CFTC and Clayton, the SEC Director, mentioned at the Senate hearing, that their kids and other families are talking about crypto, asking questions about it, and even investing in it. That is why millennials the the secret weapon of Crypto Currency.
Welcome to the REVOLUTION!
Additional Article: Hacked.com
Additional Article: Forbes.com
Additional Article: Cointelegraph.com
Remember to research before investing and do not invest with scared money. This is not financial advice but educated speculation.
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