Why Own Bitcoin?
2. Digital Natives and Adoption
Definition:
Digital native is a term to describe the generation of people who grew up in the era of ubiquitous technology, including computers and the internet.
Digital natives are comfortable with technology and computers at an early age and consider technology to be an integral and necessary part of their lives. Many teenagers and children in developed countries are considered to be digital natives, as they mainly communicate and learn via computers, social networking services, and texting.[1]
In the USA we often refer to generations with a nickname. Silent Generation, Baby Boomers, Greatest Generation, Gen X, Gen Z, Millennials, etc.
The Millennial Generation are those people born between 1985 – 2004. (As of 2021 these people are between 17-36 years old.)
This is the first generation to be considered “digital natives” because even for the oldest of the Millennial Generation, those born in 1985, the internet was a part of their lives starting around age 10 (1995). For younger “Millennials, the internet has been a major part of their lives since birth. The “digital” world, or the “internet” world is native to the Millennial Generation. As such, they are probably the first generation of people who will naturally gravitate to many parts of life being digital first or internet first.
When the Millennials seek out a store of value asset, then it is reasonable they might seek out a “digital” store of value asset. The concept of a “digital store of value” could very well be first nature to the Millennials.
Bitcoin is a good candidate to be that “digital” store of value asset for the Millennial Generation and for those that come after this generation.
Looking ahead…
As of the end of 2021 the median age of the Millennial Generation is about 26 years old. These 26-year old’s are a few years into their careers. They probably don’t have a bunch of savings, but they are likely thinking about saving money and investing money for the future.
Where are they going to naturally be attracted to and comfortable with? Digital assets.
As the Millennials age and increase their earnings, then they’ll be saving/investing more. Eventually they will become business managers, business owners, bank managers, city leaders, state legislators, United States legislators, central bankers, etc. Decision makers.
The Millennials are probably going to look at digital assets as normal since these digital assets have existed since they were children or teenagers. It is highly likely they will push the adoption of Bitcoin and other digital assets forward.