NYSE Chairman Jeff Sprecher understands that Millennials trust bitcoin over government fiat currency, and has also invested in technology and sees the writing on the wall. Please see 1/3 of millennials will invest in bitcoin in 2018
The largest generation in history larger then the baby boomers will be investing in bitcoin in 2018, and 92% of Millennials don’t trust banks. With housing increasing , no return on there savings and the burden of student debit they are looking to bitcoin to invest long term for there store of value. With the support of Millennials and the failing of fiat currency around the world because life spam of any currency is about 27 years. With all said the US dollars has a negativity association out side the US that everything is priced in dollars. Because of this Bitcoin price will raise it’s just a mater of time. Please see Thomas Lee predicts Bitcoin will reach 10 Million dollars a coin
See george washington Blog on average life expectancy for fiat Currency
Supply and demand example There is not enough supply of Bitcoin for every millionaire in the world to own one full Bitcoin.
Tom Lee a former employee of JP Morgan Chase and in the last 3 years starting his own research business. This presentation analytical and research regarding bitcoin. It goes into depth explaining the differences in the past generation in history and how they invest their money. He shows a growing number of younger generations don’t trust the government and they don’t trust banks because of the Financial crisis and getting bailed out with tax funds and seeing there parents getting kicked out of there homes. This turning point in history is his prediction that in the near future more and more millennials will invest in cryptocurrency and Tom Lee thinks that bitcoin price will rise to hit 10 million a coin.
The London Real below is from 1/14/2014