It shouldn’t be a surprise that people despise millennials and the inbound generations because everyone inherently dislikes change. While some of us are downright xenophobic and dislike people for prejudicial reasons, others prefer to not associate with anyone under the age of thirty. Millennials catch quite a bit of heat, but I posit that the very reasonings for our disdain for them is fact, enough, that they’ve done nothing wrong.
One of the most common accusations of millennials is that they are lazy and get nothing done. Based solely on this fact alone, how could a millennial be blamed for something adversely affecting our nation. Sure, if it has any relation to voter turnout, then, by all means, blame the young ones left and right, but anything like global warming or the economy cannot be their fault. According to several analysts, younger generations have less money to spend because they cannot find jobs, so this surely cannot be their fault.
Whether you wish to blame a millennial or not, here’s what you missed in the news yesterday
And The Youth Shall Save Crypto
For a time, everyone wanted a piece of the cryptocurrency market, but that has all been reduced to whispers and murmurs. However, according to a recent survey, interest in bitcoin and cryptocurrencies may be on the rise once more, namely because millennials and younger generations don’t trust those dastardly traditional banking institutions. According to Forbes, 43% of millennial online traders “have more trust in crypto exchanges than the U.S. stock market, compared to 77% of Gen X respondents who have more trust in stock exchanges.”
“We’re seeing the beginning of a generational shift in trust from traditional stock exchanges to crypto exchanges. Younger investors’ experience with he stock market has seen a great deal of loss of trust, with the fall of Lehman Brothers because of irresponsible practices followed by the worst recession since the Great Depression…Trust further eroded when Americans saw how..banks get free money through quantitative easing while their cost living continues to rise…”
–Guy Hirsch, U.S. managing director, eToro
The growing millennial mistrust of banking institutions could rescue bitcoin from its current crypto winter. It is interesting that we place such a large amount of trust in banks, storing thousands of dollars in their systems, and yet we have absolutely no idea what happens to our money when its “protected” in our accounts. The trust-based model of depending on banks to transact and safely store money is outdated and, if there’s anything that can be said about younger generations, it’s the idea that older technologies and systems can and should be replaced as soon as possible.
Nike..What Did You Do?
If you aren’t a fan of organized sports, then I apologize ahead of time. Duke freshman basketball star Zion Williamson went down hard in Wednesday’s game between the Duke Blue Devils and the North Carolina Tar Heels. His injury occurred within the first 36 seconds of the game as the likely first pick in the 2019 NBA draft fell to his knee after his Nike basketball shoe ripped apart.
Immediately after Williamson’s fall, Nike released a statement:
“We are obviously concerned and want to wish Zion a speedy recovery, The quality and performance of our products are of utmost importance. While this is an isolated occurrence, we are working to identify the issue.”
–Nike statement regarding injury of Zion Williamson
