Entrepreneur and Dallas Mavericks owner Mark Cuban has weighed in on the recent clash between Wall Street and the r/Wallstreetbets Reddit community. In a Jan. 31 blog post, Cuban suggested that the old-school investment community is currently taking a kicking from what he describes as the “Store of Value Generation.” These millennials have developed a greater understanding of the value of digital assets, having been brought up in a world where music was more often shared as a digital file than a physical object. Blockchain technology, nonfungible tokens and smart contracts now allow any asset which can be represented digitally …

Millennials, a generation beleaguered by student debt, low pay and a lack of savings, can rewrite their financial narratives using Bitcoin (BTC) and cryptocurrency according to a panel discussion at this year's BlockShow summit in Singapore. That was the key takeaway from the “Millennial investment trends — new wave of personal finance” panel featuring Aya Kantorovich of FalconX, Zac Prince of BlockFi and Grayscale’s Michael Sonnenshein. The panel delved into Millennials’ impact on the future of digital assets. During the discussion, Prince identified three major Bitcoin adoption trends that are inextricably linked to Millennials and younger investors: The ongoing wealth …

Cory Bernardi — a controversial figure the Sydney Morning Herald has referred to as “Australia’s Donald Trump” — has talked up Bitcoin (BTC) in between Tweets challenging the results of the United States presidential election. In a Nov. 11 Tweet, Bernardi stated he had become a Bitcoin convert “in the last couple of years” and saw the demand for the cryptocurrency “getting stronger.” He cited Bitcoin bull Anthony Pompliano’s views as being “on the ball” regarding Bitcoin. “My conclusion is it is the millennial’s version of gold,” stated Bernardi. “Still see risks attached but are basically the same as other …

JPMorgan, the $316 billion investment banking giant, said the potential long-term upside for Bitcoin (BTC) is “considerable.” This new optimistic stance towards the dominant cryptocurrency comes after PayPal allowed its users to buy and sell crypto assets. JP Morgan, from "Bitcoin is a fraud and will blow up" in 2017 to "Bitcoin’s competition with gold" in 2020. We've come a long way. pic.twitter.com/xceabkHaVJ — Krüger (@krugermacro) October 24, 2020 The main factor put forward by JPMorgan’s Global Markets Strategy division is Bitcoin’s competition with gold. The note, obtained by Business Insider, reads: "The potential long-term upside for bitcoin is considerable …

According to a Morgan Stanley executive, the young and adventurous usually go for crypto, while older investors stick to more traditional assets. In a Sept. 8 interview with CNN anchor Julia Chatterley, Morgan Stanley’s head of emerging markets and chief global strategist Ruchir Sharma stated that the generational divide when it comes to investments has many millennials choosing Bitcoin (BTC) over gold. “I think some of the older [investors] are still buying gold, and millennials are buying more of the Bitcoins and the cryptocurrencies,” said Sharma. Part of the younger generation’s drive to look towards crypto may be related to …

Millennials prefer to hold Bitcoin (BTC) equity than invest in some of the world’s best-known companies, surprising new data reveals. In a report originally released in November, Charles Schwab, one of the United States’ biggest brokerage firms, shed new light on the increasingly pro-Bitcoin stance of Millennials compared to previous generations. GBTC makes inroads at Charles Schwab 1.84% of assets held as equity with Schwab are for the Grayscale Bitcoin Trust (GBTC), a Bitcoin investment vehicle that saw record participation in 2019. This is more than equity Millennials held in Berkshire Hathaway, Netflix, Disney Corp., and even Microsoft and Alibaba. …