Most readers have probably heard of Bitcoin, the digital coin that dominates the cryptocurrency market. It has gained notice both because of its skyrocketing value (from less than a cent in early 2010 to around $6,920 currently).
After years as a niche market for technologically sophisticated anarchists and libertarians excited about a decentralized financial network not under government control, digital coins may be on the verge of going mainstream. Cryptocurrency had understandable appeal to millennials who came of age during the 2008 financial crisis and are now watching the rise of anti-globalist populism threaten the stability of the international economy.
Unlike previous generations, many of these greenhorn investors don’t have pensions, are mistrustful of socking money away in mutual funds and are fully accustomed to owning digital assets that have no concrete properties. As traditional paths to upper-middle-class stability are being blocked by debt, exorbitant housing costs and a shaky job market, these investors view cryptocurrency not only as a hedge against another crash, but also as the most rational and even utopian (means of investing their money).
The things we’ve been able to rely on aren’t as reliable and with the leaders at present who know absolutely nothing about how the economy works, it’s merely impossible and they have appointed people who have twisted views about how it works. That, more than anything, is what scares us.
Back in the days our grandparents and most of our parents even now use bank accounts. Every paycheck, they put a percentage into long-term holdings. They never expected to become rich overnight. That’s a way to become very poor in one hour, that’s how they thought. Even those in it for the long haul, however, admit to monitoring the prices compulsively, scratching the gambler’s itch.
If you’re in the cryptocurrency world, you should maintain an even more observant, and most likely exhausting regimen.Markets should be watched. “The saying is, ‘Crypto never sleeps.’ It’s 24/7, it’s global, it doesn’t have a stock market, it doesn’t have a bell. Beyond its potential long-term financial rewards, many holders of cryptocurrency view it as a vehicle for social change. While many coins have no value beyond serving as a potential alternative currency, or began as larks that have since been popularized by speculators. 21 percent of respondents do not have access to traditional banking, making cryptocurrency a more likely alternative to traditional banking.
“More than half of respondents have purchased crypto in the past six months, a great sign for the continuous adoption of crypto,” according to the announcement. “With greater understanding, crypto has great promise of becoming more mainstream.”
With apparent passion for cryptocurrencies already and indication that this is only growing, the above study indicates that this technology is essential for young adults. This is, of course, good news for a service provider such as Everus. And it’s newest product Brexily can be a good pathway for Trading for youngsters or the generation now.
As a company, we aim to provide ways to help new users in this generation overcome the barriers to entry that are holding them back. We look forward to helping the Crypto community grow, as we have done before, and will continue to do.