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Cryptocurrency Investors Aren't "Lazy"😠
Manage episode 337466164 series 3381606
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I recently watched a video where the host suggested that cryptocurrency was a popular investment because Millennials are lazy investors who are unwilling to follow traditional methods of building wealth such as starting their own businesses. As a millennial and a crypto investor, this statement hit me pretty hard and got me thinking. Do Millennials invest in cryptocurrency because they are too lazy to build their own business, or are there other factors that cause Millennials to have a disproportionate interest in crypto? In today's post, I'd like to make the case that Millennials are disproportionately likely to be cryptocurrency investors due to unique circumstances their generation has experienced. Rather than simply being lazy investors, I suggest that Millennials' interest in cryptocurrency stems from a logical desire to improve their situation while minimizing downside risk and a willingness to embrace new concepts as opposed to the traditional institutions that they feel have already let them down. #crypto #doge #btc
References
https://www.cnbc.com/2021/07/06/millennial-dogecoin-millionaire-on-being-paid-in-dogecoin.html
https://www.businessinsider.com/average-american-millennial-net-worth-student-loan-debt-savings-habits-2019-6
https://smallbiztrends.com/2022/01/how-much-does-it-cost-to-start-a-business.html
https://en.wikipedia.org/wiki/Millennials
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