Bitcoin. Ethereum. Cardano. Dogecoin.
An estimated 50 million people worldwide have added cryptocurrency to their vernacular. According to exchange platform Gemini, that number is expected to swell, as nearly 20 million American adults are predicted to join the crypto market by 2022.
(IM Academy students, well-educated from an enriching online financial education platform, will undoubtedly be ready to compete among those millions.)
The demographic of the current investor pool reveals an interesting generational divide. Gen X baby boomers have to do double-time if they want to keep up with their more technologically advanced crypto competitors, Gen Y and Z, who comprise 74 percent of the trading population, according to Yahoo finance.
But don’t count them out just yet. IM Academy bears witness to a seismic shift: baby boomers now comprise a growing portion of the student body, and many are studying up on getting into the crypto markets.
The older generation plays catch up
Though young investors were undoubtedly some of the first to get in on crypto, baby boomers are getting hip to the coin. Mike Novogratz, the creator of Galaxy Digital, even predicted that baby boomers would be the next generation to adopt new cryptos, possibly contributing billions of dollars to the industry.
“It could be as much as a trillion dollars comes over the next year from that giant group of wealth,” Novogratz has said. Faced with inflation fears, many baby boomers are now willing to trade in the all-digital market.
“If you’re worried that the U.S. is printing too many dollars…you’re going to shift some of your savings into Bitcoin,” added Novogratz.
There’s no age limit on learning crypto. Enroll in IM Academy today for the lessons you’ll need to understand the market.
Cryptocurrency: A kinetic phenomenon
At age 50, Gen X’er and Tesla CEO Elon Musk is leading the boomers’ charge. He spent $1.5 billion on Bitcoin in February. Industry leaders are seemingly preparing for the crush of crypto investors. Tech giants MoneyGram and PayPal have already incorporated cryptocurrencies into their businesses. While MoneyGram now allows clients to buy Bitcoin with cash, PayPal debuted a feature allowing U.S. users to pay online merchants using crypto.
On the same day Coinbase, the U.S.’s largest crypto trade company, went public, Bitcoin’s market capitalization soared past $1 trillion. IM Academy ensures that each crypto student is equipped with the knowledge necessary to thrive in the crypto market’s explosive growth.
Never stop learning
Crypto is a cornerstone of IM Academy’s curriculum, and the diverse student body has learners of all ages. As young investors continue to discover new opportunities, older generations will undoubtedly follow suit and grow these innovations even further.
So, if you’re a baby boomer who feels left behind, there’s nothing to worry about: IM Academy has the tools and platform to help educate you and build your confidence within these markets.
Note: IM Academy is an educational forum for analyzing, learning, and discussing general and generic information related to markets and strategies. IM Academy does not provide personalized recommendations or views as to whether an investment approach is suited to the financial needs of a specific individual. Before deciding to participate in the Forex or other markets, you should carefully consider your investment objectives, level of experience, and risk. Most importantly, do not invest money you cannot afford to lose. You should take independent financial advice from a professional in connection with, or independent of, research and verify any information you find on the IM Academy website.
RISK WARNING: The information available on the IM Academy website is for educational purposes only, and in no way does IM Academy offer a guarantee of successful investing or an endorsement of investment in any particular product. You should not invest in any financial product unless you understand its risk(s). Cryptocurrency-dominated investments may expose you to great risk. Cryptocurrencies are not FDIC-insured, are often not exchangeable for other commodities, are subject to price volatility, and little to no regulation. Speculating in cryptocurrencies should only be performed by sophisticated investors that are prepared to lose their entire investment.