According to Mike Novogratz, CEO of Galaxy Digital, the corona virus leads to more adoption of cryptocurrencies among the youth. He indicates that expects generation Z with the that will get more interest in Bitcoin through COVID-19.
Novogratz, CEO of Galaxy Digital, recently tweeted about why millennials and other youth prefer Bitcoin over other more traditional financial instruments. The tweet comes at a time when Bitcoin adoption is clearly growing and due to the fact that bitcoin (BTC) prices seem to hold out amid falling markets.
Millennials and Gen Z get to inherit all these liabilities being written by the +75 crowd in charge today. Really doesn’t seem just. The Boomers will go down as the generation that bankrupted the USA. Maybe why young people like $ BTC.
– Michael Novogratz (@novogratz) March 25, 2020
Millennials and Generation Z need to address all of these concerns raised by the over-75s who are currently in charge. This does not seem fair to me at all. The Boomers will go into the books as the generation that caused America to go bankrupt. Perhaps this is why youth finds $ BTC so attractive.
According to Novogratz, the “QE infinity,” the current US Federal Reserve buyback program, is causing America to go bankrupt. The US government has pumped a total of $ 2 trillion into the economy and also has the free cash plan to roll out.
Also well-known industry figure, Anthony Pompliano, speaks out on US policy. For example, he tweeted:
“Here is what just happened”
1. Government shut down small businesses2. Forced unemployment for millions3. Bailed out Wall Street 4. Devalued the savings of those without assets 5. Sending you $ 1,200 and “thoughts & prayers”
Educate yourself. No one is looking out for you.
– Pump 🌪 (@APompliano) March 25, 2020
This is what happened:
“The government has shut down small businesses
Millions have been forced to lose their jobs
Wall Street has been saved
The savings of those without assets devalued
Donated $ 1,200 and “our thoughts go out to you”