CryptoNewsPro.net
Latest Cryptocurrency News ,Data Analysis, Crryptocurrency Converter and much more.
BTC / USD
6,429.59
0.1%
(+6.73)
ETH / USD
212.20
1.99%
(+4.14)
LTC / USD
54.37
2.08%
(+1.11)
DASH / USD
167.70
0.54%
(+0.9)
XMR / USD
112.35
0.02%
(-0.02)
NXT / USD
0.06
0%
(0)
ETC / USD
9.56
1.7%
(+0.16)
DOGE / USD
0.00
0.08%
(-0)
ZEC / USD
125.44
4.7%
(+5.63)
BTS / USD
0.10
5.44%
(-0)

Google CEO’s son mining Ethereum (ETH) – What it means for Stellar (XLM), XRP (XRP) and other DLTs

It is the young generation that sets the trends for the future. What they adopt becomes the norm as they grow with it, and ultimately, it changes society.  At the moment, the younger generation seems to be hooked to crypto. Case in point is Google CEO’s son. According to his father, the 11-year old understands crypto more than he understands the traditional monetary system and how it works.  Here is part of the CEO’s statement with regards to his son’s crypto activities, as per the Business Insider.

“I realized he understood Ethereum better than how paper money works,” Pichai said. “I had to talk to him about the banking system, the importance of it. It was a good conversation.”

This is a trend that is gaining steam all across the socio-economic spectrum. Most young people now understand crypto as an investment better than they do with other asset classes such as stocks. Essentially the whole blockchain ecosystem is spearheaded by the younger generation mostly people between 25 -35 years and all generations below them are picking it up. This means that in coming decades, the investment environment will be so much different from what it is today. Chances are that more people will be invested in cryptocurrencies than there will be stocks.

This explains why major financial institutions such as investment banks, mutual funds, and exchanges are taking a deeper interest in cryptocurrencies.  For instance Fidelity, Goldman Sachs, and the ICE all taking a strong interest in cryptocurrencies, and are setting up the infrastructure for it. These institutions understand that unless they move with the trends, they will likely be out of business in a few decades. They would be dinosaurs selling a value proposition of a bygone era.

For retail investors, these trends are a good reason to be long-term bullish on crypto. That’s because as society changes and the younger generations take over more positions of influence, this technology will be a mainstay.  There are certain cryptos that even at the moment are easy to project their success in this changing society.

Some of the cryptos that are likely to make it in the long-run are those that are disrupting the stock markets. Lately, the concept of security tokens has been gaining momentum. Prove to this is the move by Bithumb to create a security token exchange in the U.S. This is an indicator that the concept of asset tokenization could be rising in demand. Going by this trend, it is not hard to draw inferences that blockchain platforms that drive this market do have a good future ahead of them. Blockchains like Stellar, which is already making it big in asset tokenization could emerge as a critical component to the stock markets in the future.

Besides, as the younger generations opt for blockchain and decentralization, instant payments will be the norm. Already society is demanding for instant payments, which explains why banks are looking into DLTs. This means that DLTs that offer instantaneous transactions, such as Electroneum (ETN) and XRP (XRP) do have a future.

Comments are closed.

Please wait...

Get the lastest crypto news in your inbox!

Want to be notified when a new article is published? Enter your email address and name below to be the first to know.