Millennials abandon Fiat in favor of Bitcoin. The opinion of the CEO of BitMEX

BitMEX, one of the largest cryptocurrency exchanges with indefinite contracts on Bitcoin and leveraged trading on bitcoin contracts up to 1:100. CEO site Arthur Hayes performed during the podcast Venture Coinist, where he spoke about his vision of the future and evolution of the ecosystem of Bitcoin.

In his opinion, BitMEX and other cryptocurrency platforms exist and work solely through a well-functioning ecosystem of Bitcoin. At the same time noted that these projects in part will have to rely on the first cryptocurrency, because they have no alternative. Dealing with banks and other financial institutions that refuse to work with this sector.

We are dependent on Bitcoin, because we need the relative freedom in product development. In response, we do support the ecosystem, whether it’s training people through our research platform, or other things that related to bloccano Bitcoin.

As for the Millennials, as noted by Hayes, the younger generations feel comfortable when dealing with digital money. And so the demand for analog — to- Fiat — money will eventually come to naught. He also noticed that at the moment the other baby boomers, generation of 70-80-ies enter into the”age of making savings”.

According to Hayes, the Millennials will be responsible for the transition from analogue to digital money. It will happen though, because stocks and bonds are trading from 9 to 5 five days a week, and digital currencies at any moment. And as a generation of tech-savvy young people already entering the age of active employment and earnings, it is likely that in the next 10-20 years Bitcoin will attract a lot of attention.

In cryptodata of hontarov you can find other helpful information. The current rate of coins will it look cool in the ranking of cryptocurrencies.

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