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In 2040, there will be no world without Bitcoin

Balaji Srinivasan, a leading venture capitalist and the CEO of, a start-up Up to Bitcoin-driven that has raised more than a hundred million It is estimated that by 2040, anyone under the age of 30 "will never have known a world without Bitcoin".

By this, Srinivasan basically means that all those born after the year 2010 would use Bitcoin as a store of value or currency by 2040, given the current rate of adoption of Bitcoin by consumers, businesses, investment companies and financial institutions.

Quick Adoption Rates

This week, Coinbase, CME, CBOE, and Gemini, one of the largest brokerages and Bitcoin financial institutions in the world, have deployed strategies and infrastructures to target institutional investors in the medium and long term.

With the Coinbase Custody platform investing a minimum value of $ 10 million, and CME Group's strictly regulated Bitcoin futures exchange approved by the United States Commodities and Futures Trading Commission, Here in mid-2018, it is highly likely that most financial institutions in the United States, as well as major markets such as South Korea and Japan, will have already adopted Bitcoin as a robust stock of value and digital currency.

The Millenials not happy

As hundreds of billions of dollars pass to the Bitcoin market of the traditional finance industry in the coming years, naturally, bitcoin will evolve in the world's digital currency, especially among millennia. A study conducted by Facebook IQ revealed that millennials feel disconnected from the banking industry and do not trust financial institutions with their money, capital and investments

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"For starters, the Millennials want to feel understood.And this is important because the Millennials are 1.4 times more likely than the Gen Xers / Boomers to change financial institution.45% of Millennials say that they would change bank, credit card or brokerage account if a better option suited them, "says the study.

Whereas the vast majority of millennials are dissatisfied with conventional financial services. it is likely that Bitcoin will transform the global financial sector, as Srinivasan

Spencer Bogart, a general manager "More than a millennium out of four pref re Bitcoin actions: 27% & # 39; them stated that & # 39; they would rather have $ 1000 Bitcoin more than $ 1000 in shares. The number was even higher for men of Generation Y – 38% of them said they preferred Bitcoin. Not only shares, many millennia prefer Bitcoin to other traditional financial assets. Given the choice between $ 1,000 of Bitcoin or $ 1,000 of traditional financial assets, 30% of millennials said that they would choose Bitcoin rather than government bonds, 22% would prefer Bitcoin to the stock market. Real estate and 19% would choose Bitcoin rather than gold.

Banks' fear of Bitcoin triggers adoption

The unfounded condemnation of Bitcoin by public figures in the banking sector, such as Jamie Dimon, CEO of JPMorgan, also triggered the widespread adoption of Bitcoin. A few months ago, Dimon described Bitcoin as a fraud and a bubble, while JPMorgan was fined $ 2 billion for committing a mortgage fraud, a real fraudulent activity

. bitcoin after the conviction of Bitcoin by Dimon, through the intermediary of Nordic Nasdaq's provider XBT, a Bitcoin exchange-traded note (ETN).

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Millennia quickly understand the lack of transparency and fraud represented by the financial sector and turn to Bitcoin. it is purely mathematical, systematic and decentralized.