We need to consider generations when looking at new technology. Cryptocurrency is going to gain mass adoption from those generations that are technically inclined. This is not the Boomers.
In this video I discuss how we often overlook how the generatoin we are in affects us. With technology, if we step back, this is rather obvious.
▶️ 3Speak
I am pretty sure you're speaking in general terms. I am at the tail end of the Boomer Generation. I get annoyed with my peers who refuse to be at least a little technically inclined. I love technology and do my best to keep up with it.
Certainly there are those who are the exception. And being at the tail end of the Boomers, you probably identify more with the Gen X crowd than those born in the late 1940s. This is how generations typically work.
That said, Gen X is hit or miss. Many are still very much against technology and clueless about it. They are the ones who are going to suffer. The Millennials are not a problem in that area.
So we have a couple of generations to clear through before we see a world full of people who are technically inclined.
Sad to think in these terms but this is how it often works. This is why there is such a time delay with so many things. Fortunately, it will enter the workforce first since the Boomers are exiting there at their fastest pace to date.
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Yeah, that's true! Many of the Boomers have either retired young by choice or have been forced out of their jobs. It will be nice to be around in the next 20 years to see how this all shakes out. 😀
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I think I've already made a similar comment on one of your posts, but in my country older generations refer to us millenials and gen zs as dotcom babies. Pretty fitting if you ask.
Anywho, thanks for the history class.
Yes and you dotbom babies are soon going to be running the business world. In another decade, most of the Boomers will be out of the workforce and many of the Gen X will start their exodus.
By the mid 2030s, it will be all yours.
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Crypto is for the open-minded, much easier to adopt within the young people but also in the senior and older ones. You might be amazed how some older people see crypto and their only regret is that this technology didn't come from a long time ago for them to make the most of it!
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That might be true but the key word is "some". There are some older people who were all over computing and the Internet. Most, however, resisted. There are also a lot more in the Boomer and Gen X range who try to avoid it. You would be surprised how many worked for years yet still have no idea how to use a computer.
That is the difference.
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we can only step forward ,not step back , that is our duty ,come on everybody i think .
LOL Well I am not sure it is a duty but it is how things unfold. As the older generations step aside due to age (dying), it becomes another one's show.
We are rapidly advancing to where the business world is being taken over by the Millennials. The Boomers are going out at a record rate and Gen X will start to move away in the next 10 years. That leaves the Millennials in charge.
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Social media is going to be a key factor in bringing Gen Z into blockchain and cryptocurrency because that's where they spend a great deal of their time. That's also where a lot of them put their effort into making money. Tiktok has essentially hacked their dopamine levels with their algorithm. My dad who is a late Boomer has asked me to help him buy some cryptocurrencies.
There is no doubt the medium to reach them is completely different. If anyone believes that broadcast television is the future (and the advertising along with it) they are in for a rude awakening.
Things are going to change a great deal over the next 20 years, much of it due to technology. This is going to put the "tech generations" in an advantageous position.
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My mom doesn't really understand phones that well. It was only after we started showing her how useful things were that she changed her mine. I grew up using computers and I am not adverse to technology. Technology is amazing and it should be embraced.
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That is the difference. You grew up using computers so you didnt have to learn a new technology, it was there for you. It was like learning to ride a bike, nothing new about it.
For previous generations, the computer was a new introduction that meant changing things totally. This is where we see the gap enter.
Companies that are run by the previous generations simply cannot compete since they end up falling victim to the Technology Gap. It is a major issue in investing.
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You're referring to me! 😃
Grow the hell up. LOL
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I wish all the confusions related to cryptocurrency get soon fade away and all accept it in a fair way! :)
Summary:
In this video, the speaker discusses the significance of considering generational differences when it comes to understanding technology adoption, particularly focusing on cryptocurrency. He explains how different generations have experienced and embraced technological advancements differently based on major historical events they have lived through. The speaker highlights that younger generations are more inclined towards technological advancements like cryptocurrency while older generations, mainly baby boomers, tend to struggle with adapting to new technologies, such as cryptocurrency. He mentions how the progression of technology and the ongoing generational shifts will influence the mass adoption of cryptocurrency, emphasizing the importance of targeting younger generations for widespread adoption.
Detailed Article:
The speaker opens the video by introducing the concept of cryptocurrency through a generational lens. He delves into the idea of how different generations, such as baby boomers, millennials, Gen X, and Gen Z, have distinct perspectives shaped by the historical events and technological advancements they have encountered. The speaker emphasizes that individuals' identification and understanding of technology are influenced by the generation they belong to.
He draws parallels between historical events like World War II and the Great Depression, outlining how each generation's response and relation to these events impact their technological acumen. The speaker points out that younger generations, like Millennials and Gen Z, who grew up with advanced technologies such as the internet and smartphones, are more likely to embrace innovations like cryptocurrency compared to older generations.
The speaker then discusses the resistance towards new technologies exhibited by certain generations, specifically citing the case of Charlie Munger's negative stance on Bitcoin due to his lack of technical understanding at 98 years old. He contrasts the tech-savviness of younger entrepreneurs like Elon Musk, Michael Saylor, Mark Zuckerberg, and Google founders, attributing their comfort with cryptocurrency to their upbringing during the internet era.
Furthermore, the speaker touches upon the evolving nature of work practices, highlighting how work-from-home models are more readily accepted by younger generations, while baby boomers may struggle due to their perceived lack of technical proficiency. He ties this discussion back to cryptocurrency, positing that the adoption of new technologies like cryptocurrency is heavily influenced by the generational attitudes and technological familiarity.
The speaker forecasts that Gen Z will likely lead the charge in cryptocurrency adoption, considering their immersion in digital technology from a young age. He predicts a transformative realm of mixed reality for future generations and underscores the importance of understanding generational dynamics for successful technology adoption strategies.
In conclusion, the speaker underscores the importance of targeting younger generations, particularly gamers aged 40 and below, for driving mass adoption of cryptocurrency. By recognizing and adapting to the differing technological inclinations across generations, the speaker advocates for aligning strategies with the evolving technological landscape to ensure widespread acceptance.