Bitcoin, Millennials’ New Nine-to-Five

Photo by Clem Onojeghuo on Unsplash

A Millennial Achieving Financial Freedom?

Meet Kim. She’s 25, has just entered the workforce, and has made over 100,000 USD in her last trade on Bitcoin. Kim is one of the many who have inched towards financial freedom, with careful investment and placements in safe cryptocurrencies.

Photo by Tachina Lee on Unsplash

In her recent interview, Kim said “It’s nice to set aside some savings which are unrestrained and theft free.” American business magazine, Forbes, revealed that millennials would rather invest in crypto than the traditional stock market.

But having stable investments are not the sole concern of these new-age millennials. There are many concerns around the quality and the safety of the investment. More millennials today join Kim in moving away from conventional banking and moving towards personal financing.


Why Bitcoin?


Invincible Market

Bitcoin, a major cryptocurrency amongst a plethora of cryptocurrencies runs on an amazing technology called the Blockchain.

Now, explain Blockchain technology to a 10-year old. A blockchain is simply a combination of blocks that stores information in a decentralized pattern (In simple terms, cannot be altered once published), imagine that with Bitcoin – such that not one transaction goes without detection, making Bitcoin transactions safe & transparent.

Cryptocurrencies like Bitcoin are not centrally controlled, making it impossible to be restrained. As long as your wallet keys are safe to ONLY you, absolutely nobody, not even the banks, should have the chance to intervene with your Bitcoin.

With decreased demand for brick and mortar products, traditional financial stock markets start to lose their appeal to many, causing decline in corporate profits in the long run. The world economy runs on transactions – One person’s spending is another person’s income, this means that a decline in transactions directly results in economic recession. Alternatives needed to be sought, and what’s better than investing in a highly resilient and self-correcting Bitcoin market?


Rising Adoption of the Bitcoin

With the growing adoption of Bitcoin, banking and travel industry players have also taken major steps to adapt to the developing trend.

Bitcoin ATMs have made it to over 8000 units internationally. In Australia, people can now pay for Bitcoin at over 3500 post offices, and the central bank of Japan is launching plans to experiment with Digital Yen. In the United States of America alone, there are already over 20,000 places to buy Bitcoin for cash, including prominent convenience stores like 7-11.

The application of cryptocurrencies to daily expenditure has grown over recent years. With the convenient rise in utility, it’s no wonder a new generation of tech-savvy independent millennial financialists or even U.S banks like J.P. Morgan have started testing the full capabilities of these financial features that cryptocurrencies get to expand. Crypto asset management platforms like DigiFinex, have also launched the buying of cryptocurrencies with credit cards, allowing convenient Bitcoin transactions. DigiFinex previously collaborated with SK Jewellery, Singapore’s largest jewellery retail chain, to have its platform token, DFT, used as a payment method.


The World Rewards Curiosity

Photo by Jeremiah Lawrence on Unsplash

With its growing mainstream global recognition, cryptocurrency has seen more interesting demographics enter its foray. Millennials have been lucky to have watched the world digitize first-hand and have experienced the deemed normalcy back in the 1990s to a new level of fancy in our everyday lives today. Cryptocurrency seamlessly factors into this new digital age as millennials take the driver’s seat in taking the world to full digitalisation. Cryptocurrencies like Bitcoin are likely to appreciate in value as more speculators like the Millennials experiment with digital money. Millennials want to know how blockchain in Bitcoin works. They are the curious bunch. Arguably, just like gold, Bitcoin’s value is based on the belief people have in it. Despite the global pandemic, Bitcoin remains on the rise, as DigiFinex’s CXO, Kiana Shek, mentioned recently.


Millennials are essentially the speculators taking advantage of the little to no correlation of traditional financial stock markets to Bitcoin. With inflow of capital from peculiar millennials comes soaring liquidity, and with soaring liquidity, comes attractive price discovery. Bitcoin may have dramatic fluctuations, the upward trend of the market is undeniable. Nevermind the bullish or bear market, Bitcoin has steadily gained widespread recognition as the millennial generation educates themselves on the digital asset – Triggering heightened propensity in them to buy and sell Bitcoin.

Millennials Leading the Crypto Market

woman holding two round gold-colored coins
Photo by Thought Catalog on Unsplash

Major cryptocurrency, Bitcoin, has been described as a notable trend in millennial demographics where people of the younger generation are leading. Millennials are the ones experiencing the highs and lows of global modernization. Shaped by recessionary forces, millennials have nothing to fear. Comes the recent Covid-19 pandemic, millennials have been losing jobs left and right – a familiar scene as the year 2020 brings about a déjà vu of the 2008 global financial crisis. As The Washington Post reported,

“Millennial employment plunged by 16 percent in March and April this year. […] That’s faster than either Gen X (12 percent) or the baby boomers (13 percent).”

Photo by Anastasiia Chepinska on Unsplash

Trashed by the economic recession of recent months, millennials are hungry for new ideas to seek alternatives to a Nine-to-Five. Importantly, millennials are eager for side hustles that could free them of the conventional rat race that everyone is after. Millennials are the eccentric bunch, they are tech-savvy, and they desire to be different. Millennials are essentially, The Changemakers.

Millennials are inching towards financial freedom. They want to be like Kim, and invest in safe cryptocurrencies on a crypto asset management platform that is beyond a wealth companion.

You can share this post on

Reletad Post

What Is NFT Real Estate and How Is It Changing the Real Estate Industry?

NFT real estate is virtual property you can purchase on a metaverse platform. 

There are many use cases for NFT real estate but it is most commonly used as a space to socialize, work, and game.

The value of NFT real estate can be affected by its utility, project, and demand. 

Thanks to blockchain technology, the tokenization of real-world assets (such as real estate) has made the industry’s processes more efficient, transparent, and secure.

Arbitrum Project Introduction

From 2020 to now, many public blockchains such BSC, Solana, Polkadot, and Avalanche raced to take over ETH’s users and market. Their advantages on low gas fee and quick transaction time made ETH eager to release effective Layer2 program to expand the capacity. Since Arbitrum was released, its ecosystem grew up rapidly and already owned many mature and popular featured projects on different race tracks.

Polkadot, the King of Cross-chain Explained

What is Polkadot? Polkadot is a heterogeneous blockchain founded by Gavin Wood, former CTO of Ethereum, is an impeccable blockchain project that is perfect in every sense. Its founder, Gavin Wood, is the author of the Ethereum White Paper and the person who knows the defects of Ethereum at heart. Polkadot was founded with the idea to solve Ethereum’s shortcomings and replace it as the “King of the Public Chain”. Read to find out more!

Fil Mooned Right Away After I Sold It. Am I One of the Weak Hands?

“Fil mooned right away after I sold it. I am the weakest hand in the crypto world.” said one of my friend who has been trading cryptocurrency for many years. He is a user during the public sale and bought FIL at the price of $2. After the FIL is unlocked, he sells coins wildly every day. But even so, he still hates the slow process of unlocking, so he directly sold all the publicly purchased Fil at the price of dozens of dollars.

What is EIP-1559? How will it affect Everyday Users? Will it Pump Up ETH Price?

What is EIP-1559? How will it affect Everyday Users? Will it Pump Up ETH Price? The EIP-1559 we will be talking about in this article is an example of Ethereum improvement proposal. This proposal was first put forward in November 2018 by Eric Conner, an ETH developer. It aims to reform the GAS fee bidding system of ETH, so to reduce the cost for users to transfer money on ETH.

DigiFinex Apollo IEO Project HGOLD Token Sale Announcement & Sponsoring Michael Madsen’s Imprint Ceremony in Hollywood

5 rounds of HollyGold Limited Token Sale came to an end smoothly last Friday, Nov 13rd, 2020. Not only was it a successful token sale, its’ results were indicating a positive growth in the project HollyGold. HollyGold has also sponsored Michael Madsen at his celebratory imprint ceremony in Hollywood recently.

%d bloggers like this: