By 2040, any person under the age of 30 simply will not imagine a world without the bitcoins, they can replace gold, says Balaji Srinivasan, a venture capitalist and general manager of the start-up Earn.com, focused on bitcoins.
In other words, everyone who was born after 2010 will use bitcoin as an investment tool or currency.
This week Coinbase, CME, CBOE and Gemini, as well as some of the largest brokerage companies and financial institutions, told what tools and infrastructure they intend to offer institutional investors in the medium and long term.
So, Coinbase announced the launch of Coinbase Custody, the main purpose of which will be to assist institutional investors in the safe storage of digital assets. CME Group intends to launch futures trading. In the end, it is very likely that by mid-2018 most financial institutions in the US, as well as major markets like South Korea and Japan, will already use bitcoin as an investment tool and crypto currency.
When hundreds of billions of dollars come to the bitcoin market from the traditional financial industry, bitcoin will turn into a global digital currency. According to a Facebook IQ study, about 45% of people from the millennium generation would refuse banks, credit cards and brokerage accounts if they had a better option. Given this, it is likely that in the long run bitcoin will transform the global financial industry.
Spencer Bogart, Managing Director and Research Manager of Blockchain Capital, said that 27% of the Millenials say they would prefer to invest $ 1,000 in bitcoin, not in the stock. Among men, the percentage of those who prefer bitcoin is even higher - 38%. If you choose between investing in bitcoin and other traditional financial assets, 30% would choose bitcoin rather than state bonds, 22% - bitcoin, and not real estate, and 19% - bitcoin, not gold.
🤗 source: cryptocurrency.tech 🤗