46% of Millennials Hold Cryptocurrency

An article came out that confirms that the younger generation has always been a force for change in society. Young people have a relatively low probability of seeing things with prejudice. The young generation, who still have a childlike curiosity and a playful spirit, are also strong in their spirit of challenge and have been the reformers of history, developing the world to new heights.

Many adults and elderly people try to crush and obstruct young people's challenges, consciously or unconsciously, either to protect their own vested interests, positions, and authority, or to protect young people themselves.

Perhaps the largest adults in the world are the United States, China, and Japan, and each has regulated cryptocurrency for their own purposes. Japan was the first country to legally regulate cryptocurrency under the guise of consumer protection. As a result, startups, technicians, and projects related to cryptocurrency gave up or fled overseas.

China had the most cryptocurrency miners domestically, but banned the circulation of cryptocurrency domestically and developed a CBDC (Central Bank Digital Currency), while finally banning cryptocurrency mining as well.

The United States seems to be trying to slow down the growth of cryptocurrency-related companies and technicians with an approach similar to "tax office increase" in Japan (a method where tax office officials impose unauthorized taxes on companies using their authority). This is perhaps because the United States is afraid that the dollar circulating around the world will be eroded by cryptocurrency. As a result, cryptocurrency companies and technicians that had been leading in the United States are trying to distance themselves from the country.

The author predicts that around 90% of people in major countries will own cryptocurrency in about eight years, but wonders how many years before and after that will central bank currencies survive.

The day the yen disappears

The author believes that the yen may be one of the first currencies to disappear, due to Japan's uncontrollable national debt (the largest in the world by far) and the fact that the supposedly independent Bank of Japan is enabling the country's debt problem.

Bitcoin has a halving event about twice before that time. As someone who distances themselves from the yen, the author is curious about what developments will occur.

However, it's not enjoyable to think about the significant challenges that may come for those who can't or won't pay attention to such matters.

Of course, the future of cryptocurrency isn't guaranteed. It's possible that eight years from now (at least in major countries), it will have disappeared entirely.

No one knows the future. It's frustrating, but the author posts this amateurish article to suggest the importance of diversifying risk.