Research by trading platform eToro shows a clear generational divide.

In a survey of 1,000 US crypto traders, eToro found that 43% of millennials trusted crypto exchanges more than US stock exchanges, while 77% of GenXers – over three quarters – thought the conventional markets were safer.

Guy Hirsch, managing director for eToro US, commented, ‘We’re seeing the beginning of a generational shift in trust from traditional stock exchanges to crypto exchanges. Younger investors’ experience with the stock market has seen a great deal of loss of trust, with the fall of Lehman Brothers because of irresponsible practices followed by the worst recession since the Great Depression. Immutability is native to blockchain, and that makes real-time audit sensible and cost-effective. And that is why Millennials and Gen X perceive crypto exchanges as less likely to be subject to manipulation and less likely to be a place where bad actors get rewarded with taxpayer money.’

It’s not a clear-cut distinction, since a large proportion of millennial crypto traders (93%) say they would invest more if crypto was offered by established mainstream financial organisations. But it’s clear there is a change in perceptions. And, since millennials – roughly those born in the 1980s and first half of the 1990s – have now all come of age and comprise around half of the US workforce, the older generation isn’t going to have much choice in the direction things move. In 10 years, millennials will account for 75% of the workforce, and the old guard will be moving on, making way for newer minds who are prepared to do things differently.

Beat ‘em or join ‘em, GenX. Either way, your time is limited.

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