Cryptocurrency mass-adoption is not far away with generation Y taking the stage
According to the Edelman data, 25% of wealthy American millennials already own cryptocurrencies with another 31% who are actively interested in this topic. Finally, an enormous group of 74% of people believes that technology innovations like cryptocurrencies make the global financial system more efficient and secure. It is important to note that while making a report, researchers considered Americans between the ages of 24 and 38 years old to be wealthy with a personal or family income of $100,000 per year or $50,000 in investment.
The report also notes that millennials that make up the largest generation in the U.S. and account for more than a quarter of the country’s total population are unhappy with the current financial system. Out of 1,000 respondents, 77% of the wealthy ones and 65% who don’t belong to this category believe that the current system only benefits the rich and powerful people.
The findings of the Edelman study confirm the results of studies by other companies. Thus, for example, a YouGov Omnibus online survey conducted last month received very similar results. Millennials (44%) are the most likely of any age group to say cryptocurrency will be widely accepted. About one-third (34%) of Gen X’ers and 29% of baby boomers agreed.
These researches show that the new generation is ready to accept new changes and rules of the game. They not only believe that cryptocurrencies is a good technology, but they are also ready to start using it in their everyday life.
What is next?
The innovation mechanism will not stop only on cryptocurrency adoption. Again, cryptocurrencies and digital assets are just the tip of the iceberg which is generally called blockchain.
With the mass adoption of cryptocurrencies, we will see the rise of tokens and the appearance of different blockchain mechanics such as blockchain voting, cryptoshopping, and blockchain digital identity. It is obvious that these new technologies and business models will take place as they are superior to ones that we currently have.
Storiqa project is one of the leaders in the newly established segment of cryptoshopping. By developing our platform we do all the groundwork in order to prepare for future cryptocurrency adoption, tokenization, and digitalization. By the way, we also provide you with the opportunity to become the first discoverers of that advanced crypto future and stay with us on that wave of change.
