Crypto Soars as Younger Generations Embrace Digital Assets Amid High Inflation and Economic Inequality
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Bitcoin rose 150% last year partly due to limited supply, with over 70% not changing ownership. Bitcoin acts as a store of value like gold.
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Inflation is severely impacting average Americans, with house prices doubling since 2010, contributing to economic disenfranchisement.
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Crypto adoption has been a generational shift, with younger investors embracing it to rebalance economic inequality inherited from baby boomers.
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Introduction of spot Bitcoin ETFs makes crypto more accessible to mainstream investors. Significant retail demand growth anticipated over next 12 months.
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Regulatory uncertainty is frustrating for crypto companies. Clear federal guidelines urgently needed to provide certainty and enable innovation in the crypto industry.