Investing in Crypto Is a Good Opportunity for Millennials

Investing in Crypto Is a Good Opportunity for Millennials

The cryptocurrency market can turn out to be exactly what it takes to attract millennials to trading

This opinion was expressed on the CNBC by a chief analyst of the brokerage company TD Ameritrade JJ Kinahan.

[video]https://www.cnbc.com/video/2018/01/08/crypto-the-greatest-opportunity-to-get-millennials-to-trade-td-ameritrades-jj-kinahan.html[/video]

Our top trading bots

People complain that we did not force millennials to trade. Perhaps it is [a cryptocurrency] - not the product that I would like to start with, but this is the greatest opportunity that we had on the market for people who are not interested in it

Over the past year, the cryptocurrency market has experienced an exponential rise, the price of the most popular cryptocurrency - bitcoin - from $1.000 at the beginning of the year reached its highs above $20.000. The idea of investing in cryptocurrency is popular with the younger generation - this was shown by the results of a survey conducted in the United States.

Kinahan noted that TD Ameritrade traditionally prefers to advise clients to use 10% of their capital for speculation, when the Millennium generation states that they want to use 90% of the money for this.

Do I agree with this? Not necessarily, but for us, it would be foolish to say "you're wrong." In response, they will ask which customers are comfortable investing in the stock market

Recall, that a few weeks ago London Block Exchange conducted the same survey in Britain. It is noted that the study involved about 2 thousand British.

According to the results of the study, 5% of respondents under 35 years of age have already invested in crypto-currencies, and 28% are going to do it in 2018.

Such a choice, according to the London Block Exchange, is due to the fact that the traditional financial system has "let down" the millennials.

The study also showed that next year 12% of the millenniums intend to invest in stocks, 20% - in bonds, 19% - in precious metals and 18% - in private ownership. 24% of respondents also regret that they did not invest in the cryptocurrency earlier.

Information Source: CNBC

French fintech startup Lydia raises $100 million in Series C funding round
French crypto-friendly fintech startup Lydia has raised $100 million in a Series C funding round, per a report in TechCrunch. The latest capital raise reportedly...
XRP Climbs 12% As Investors Gain Confidence
Investing.com - XRP was trading at $0.83707 by 00:35 (05:35 GMT) on the Investing.com Index on Sunday, up 12.01% on the day. It was the largest one-day...
Opposition mounts to Biden’s OCC pick, fears she could ‘regulate crypto into oblivion'
Resistance is mounting to U.S. President Joe Biden’s reported plans to tap a staunch banking and crypto critic to run the Office of the Comptroller of the...
Visa reportedly aims to integrate Bitcoin payments in Brazil
In a recent interview with local Brazilian news outlet Seu Dinheiro, Eduardo Abreu, vice president of new business at payments giant Visa, revealed the...
Ethereum supply flips briefly into deflation as gas fees spike
The theoretical deflationary properties of Ethereum’s London upgrade last week have already been seen in action on the blockchain, with almost 800 “deflationary...
Fidelity purchases 7.4% stake in Marathon Digital Holdings for $20M
Multinational financial services firm, Fidelity Investments, has announced the purchase of a 7.4% stake of major North American mining company, Marathon...
BNY Mellon joins State Street to service new crypto exchange
Bank of New York Mellon is joining a new cryptocurrency initiative by offering its custody support to a new crypto exchange backed by the American bank...
Foreign CBDCs and stablecoins unlikely to threaten US dollar, says Fed vice chair
Randal Quarles, vice chair for supervision of the Federal Reserve Board of Governors, said he believed neither dollar-pegged stablecoins nor digital currencies...
‘I’d rather Bitcoin over bonds’: Billionaire investor Ray Dalio
Billionaire investor and famed hedge fund manager, Ray Dalio, has stated he would prefer to purchase BTC over bonds during a recent interview at crypto...
UK will likely need to issue a digital currency, says BoE deputy governor
The Bank of England's deputy governor Jon Cunliffe has argued that a sea change in the issuance and circulation of public and private monies could make...
NFTs come to Saturday Night Live in rap sketch
The craze behind non-fungible tokens, or NFTs, has seemingly reached peak parody after NBC's famed Saturday Night Live sketch comedy featured it in a skit...
At what Bitcoin price will Satoshi Nakamoto become the world's richest person?
It is estimated that Satoshi Nakamoto, the creator of BTC, will become the world's richest person if the price of Bitcoin (BTC) hits approximately $182,000.As...
CBDCs won’t entirely replace cash if the US Fed gets its way
Many expect that a time could soon come when central bank digital currencies, or CBDCs, replace physical dollars once and for all. Comments from United...
Venezuela to Replace Bolivar Fuerte with the Petro & New Bolivar
It has been half a year since Venezuela began running its first state-owned cybercoin, Petro. Within this time span, the country ordered state-services...
The Long-Term Plan for Ethereum Revealed
According to Buterin, most major Ethereum network problems belong to the following categories: scalability, security, smart contracts, a consensus protocol,...