Millennials are the demographic cohort using the early 1980s as the birth years through the mid-1990s to early 2000s being the ending birth years.  This means that at the time of writing this article, millennials vary in ages between 25 and 40, as 1981 through 1996 is the most widely accepted defining range for millennials from researchers and popular media. 

With the rising popularity with crypto in the recent year, we see crypto being attached to the millennial age group.  Surveys suggest that over 65% of millennials have more faith in crypto that the traditional stock market.  But why?  Well, millennials are known to embrace all things digital... even when it comes to investments.  Most of the defined range prefer doing things online or on an app rather than meeting with someone in person and filling out lengthy paperwork.   

The instantaneous nature of millennials fits perfectly with the crypto market, as it never closes.  The crypto market is open 24 hours a day, 7 days a week, 365 days a year (366 if counting a leap year).  There's no waiting game for specific hours to trade or invest in a crypto asset, and it's consistently changing.  In this article, we will be taking a look into why millennials are embracing crypto lately! 

I am not sponsored by anyone or anything mentioned in this article. 
This is not financial advice.  I am not a financial advisor.
Please do your own research before making any decisions before investing. 
This article is meant for educational purposes only.

Millennials want everything fast and at their fingertips... but who doesn't?  Comparing the crypto market to the traditional stock exchange, crypto is known to yield high returns in a shorter duration.  Not many assets can generate high returns in a short period of time, but crypto appears to be the exception.

Let's take gold for example, as that what everyone seems to compare Bitcoin to.  Over the past year, gold increased in value by roughly 15.30%, while Bitcoin grew over 450%.  Ethereum, the second largest crypto by market cap, increased in value by over 1000%.  With these numbers, everyone (not just millennials) can easily see the difference in value and potential growth over time.  Everyone wants to either make a quick buck or invest in something that has meaningful value and will be rewarding in the long run, especially millennials.  The decrease in trust of federal governments and decrease in value of fiat currency over time is driving the promise of these gains.  But there is risk involved!

The crypto market is highly volatile, meaning the value of certain coins and tokens increase and decrease rapidly.  Your investment today over a period of 30 days could either gain or lose 100%.  High risk, high reward, right?  So how does this all tie back to millennials?

Millennials will not not have access to pension from their employers.  Even individuals who secure government jobs are highly unlikely to receive pension after retirement.  This is traumatic to the millennial, as the safety net that previous generations have is ripped out from underneath.  An alternative to this lack of benefits from the employer is crypto.  Although the risk is high, it can yield returns throughout the duration of holding, leading to a more comfortable retirement.  A vast majority of millennials also carry around student loan debt and, especially after COVID-19, credit card debt.  The world right now is literally sink or swim, and millennials want to be the next Michael Phelps.  

Crypto can be defined as an "alternative investment".  This means that the performance of crypto is not correlated to traditional asset classes like stocks and bonds.  This investment can also be obtained with much smaller amounts of fiat currency, as most cryptos are around $1 or less.  The struggling millennial can invest as little as $20 and potentially see their investment skyrocket, not having to worry about paying a fortune for a share of Amazon or Alphabet.  Investing in a fraction of Bitcoin or Ethereum is also much easier than obtaining a fraction of a traditional stock, as it can all be done whenever you want and however you want.

With the world turned upside down by the COVID-19 pandemic, it's no wonder why people, especially millennials, are looking for better ways to secure their financial future.  This shock to the world only solidifies the fact that we have absolutely no idea what the future holds for any of us.  Crypto investing opens the door to allow both new and experienced investors to take part in the ever-changing global economy without the restrictions of your government.  To many, crypto is the future, and it's only a matter of time before we see that become a reality!

Do you believe crypto has more value than the traditional stock market?
Let us know in the comments down below!

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