The world that we live in is decidedly digital. It has been a growing trend for quite some time now, but in recent years it has kicked into high gear. Throughout the last ten years, there has been a steady, quietly surging interest in expanding our digital explorations to encompass most – if not all – of the modern world. Curiosity drove our innovations, and now we live in a world that is literally the product of our design. From the introduction of the worldwide web to electric vehicles, and even the digitalisation of key global industries like healthcare, education, business, and finance, digitalisation and technological proficiency are more popular than ever. Decentralised currency, for example, is just one digital innovation that has become exceedingly popular in recent years, but it is one of the most often spoken about.
A generation growing up in the digital age
Cryptocurrency essentially refers to the virtual nature of digital asset transference. Rather than physical currency shifting through an active third party (i.e. a bank, for example), the cryptocurrency runs through a secure encrypted virtual network of highways, making it a faster, easier, and more efficient approach to currency storage and transference for all parties. Now, consider the people driving the inevitable interest in this form of currency, and why it matters so much to them. Millennials are the first generation to grow up in a world that is positively and entirely immersed in and surrounded by feats of technological advancement, with many (if not all) of them being digital in nature. Cryptocurrency embodies all traits that are important to them: convenience, efficiency, and speed. Why would they not back it?
Millennials entering the workforce
A few years ago, millennials started to graduate and move into their respective pathways to their future. Now, millennials make up the largest percentage of the modern workforce. Having grown up surrounded by technology and as familiar with digitalisation as they are with the walls in their childhood homes, this is a generation that expects the same transparency, ease, and efficiency of all aspects of their lives, as when they grew up. This is a unique circumstance, as we have never had a generation be this technologically-empowered before. Millennials are digitally-inclined to their core, for the most part. Whether it means investing to buy bitcoin in Malaysia, embracing a career that is entirely remote, or even investing in cryptocurrency, millennials are there for it.
A young generation drives a new era
Millennials have grown up surrounded by technological efficiency and digital innovation, and they are so used to it all that they cannot – or simply do not wish to – conceive of a world where it does not exist. The surging interest in cryptocurrency is due largely to this generation, as they are currently in the intriguing position of having major control in their industries, as well as a significant (if not wholly operative) grasp on the way modern society is pivoting towards the future. It is certain that the future is digital, and it is sure enough that crypto, in all its ease and constant security, is going to play an important (if not sole) role in the finance industry.