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Blockchain tech has continued to revolutionize many industries. Transparency, efficiency, traceability, speed, security, and cost-efficiency are just a few of the qualities that are prompting many people to turn to this technology. While some industries like finance, supply chain management, and healthcare have received most of the attention, other industries are quietly making major strides through the application of blockchain technology. One such industry is the senior care sector, which has continued to grow every year and which is expected to be worth $ 1 trillion by 2024.
When it comes to investing among millennials, traditional stocks take a back seat to Bitcoin and other cryptocurrencies.
A Lack of Trust in Wall Street
While many older individuals see the volatile cryptocurrency market as proving too wild for their taste, millennials prefer to put their money in Bitcoin and alternative cryptocurrencies (altcoins) – as opposed to established stocks and bonds.
As is the case with this writer, many millennials have become disillusioned with the traditional stock market after the 2008 financial crisis – which happened while many millennials had only recently finished high school.