Cryptocurrency Tools Aimed at Millennial Investors


”Cryptocurrency Tools Aimed at Millennial Investors are Gaining Traction” 

This article talked about the role millennials play in cryptocurrency and how many of them have already invested in cryptocurrency despite the risks, and how new tools are being developed to get a better idea of the cryptocurrency market. It is said that Millennials have shown continual interest in cryptocurrency because of the possible rise of it in the future, the advantage of having a diverse investment portfolio, and the possible high return form the investment. One tool that targets millennials is a crypto index that provides a, “Small Crypto Investment Automation” (SCIA). This platform allows its users to access and view strategies and portfolio allocations of experienced Investors. Another tool referred to as The LedgerX Volatility Index (LXVX) or “Bitcoin Fear Index”, is used to determine the expected volatility of Bitcoin. Bitcoin is called the millennial phenomenon and now there are more tools that are working on targeting this group of investors.

With the incredible volatility of Bitcoin and other cryptocurrencies, their future is still hazy and unclear, but with societies shift to technology, one can imagine that we will be seeing some form of cryptocurrency in the future. The development of the tools and platforms mentioned in this article is important because it educates its users more making Bitcoin less of a “mystery”. For example, the LXVX could help stabilize Bitcoin with more users as this index is very similar to ones that predict the expected volatility of the stock market. Knowing the audience of Bitcoin is also very important to its future because then they are able to target more millennial investors and grow the market. The increased traction of young investors in cryptocurrency leads people to have hope for future cryptocurrencies that are more stable and widely used. The tools that are aimed at investors are also a great tool to educate these investors about this new market which could lead to increase use of cryptocurrency as it is more understood. This is especially important to Americans as we have one of the strongest economies and are constantly adapting to new ideas and technologies. Cryptocurrency is even more relevant to younger generations because that could possibly be our future. This makes me question the future of cryptocurrencies, how soon that future will be, and what that will mean for the economy. Can we support ourselves on cryptocurrency and how will it change our everyday lives?

Wolfson, Rachel. “Cryptocurrency Tools Aimed At Millennial Investors Are Gaining Traction.” Forbes, Forbes Magazine, 29       Jan. 2019, www.forbes.com/sites/rachelwolfson/2019/01/29/cryptocurrency-tools-aimed-at-millennial-investors-are-         gaining-traction/#42b7f6bbcfc1.

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