As boomers sell assets like real estate and stocks many worry about asset valuations.
Will millennials buy these assets?
Will they have the money to do so?
Will they chose instead to opt for a different asset class, like Cryptocurrencies?
If so, they may help drive cryptocurrency prices ever higher.
Govt's can tell Companies not to accept Bitcoin etc. etc...but We The People will tell the Govt to piss off... That could be their demise.
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I hope they do because its not only a good investment but it will make me lots of money too :3
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Couldn't have said it better myself.
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a slight shift in asset preference could impact the entire sector in a big way
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Good question, we live in interesting times..Its going to get exciting!
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The crypto demand is global and is unrestrained by "valuations"
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That statement is true to its core.
Millennials are more of a risk taker than any other predecessor. It's the society and social media that shifts their paradigm to who they are now.
Millennials and Centennials are also the most massive users of the internet today. So the acceptance into this new innovation is much easier and faster, as opposed to Gen X who we usually teach how to post on facebook. Haha.
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I think they will. Millennials have been royally fucked by the decrepit boomers. We Millennials now have a chance to regain some of our financial standing through crypto
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7:19 "The dollar is stronger now than it was when they started QE" Holy Shit. OMG. SMH. Daffy Duck has no credibility at all with statements like that....
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Based on the dollar index- check out the charts
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The dollar index measures the highly diluted dollar against other highly diluted currencies. The dollar supply has been exploded by mentally sick pervert Enemies of the State like ben shalom bernanke and yellen the felon. Check the money supply. When you do you will have to use independent sources like shadowstats because the criminal federal reserve has CEASED to measure it to hide their crimes against humanity. The index you cite may increase over the x-axis if the dollar loses value at a lower rate than other currencies, but losing in value nevertheless. You see kids, daffy duck here was a customer referral major who used to masquerade as a real estate expert and who now masquerades as an economics expert but his economics knowledge is WOEFULLY inadequate. He does not understand the difference between nominal and real, he does not understand relative value, he does not understand being less bad does not equate to being good. The money supply is a hockey stick and he just doesn't get it. Incessant swallowing, saying um, screaming every other syllable, mocking others' research, none of this means intelligent thinking, trust me.... it is all arrogance you will only find in a third world banana republic that was once the place to be. Truly intelligent people know when they are being robbed blind by keynesian criminals. The dollar is dead, get out while you still can.
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I hope that all the boomers that are retiring will drive cryptocurrencies higher. They are all the ones with disposable income and have capacity for investment. Most millennials are broke haven't you heard?
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Yes but boomers sell assets as they get older they dont buy assets. Many millennials will also inherit boomer assets and they may reallocate them to cryptos
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Obviously you don't know the greedy ass boomers I l know, my dad had millions and decided to hoard every cent and refused to sell anything and continued to live poorly until everything was eventually stolen by a partner of his. Another boomer I know who Is a truck driver in his 60's is the same situation, he refuses to spend money and only continues to invest because the more he has the better he feels about himself. He has no family to leave it to which is sad.
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