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When will crypto dominate the economy?

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@tarazkp
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Finder, a comparison site, has found that Australians have accumulated 7 billion dollars worth of crypto, but more significant than that, while 17% of the population own crypto, supposedly 31% of people under the age of 24 have some crypto holdings - which is mammoth.

While I don't take much stock in the predictions for the future due to their own self-interest, Finder posited that crypto will overtake the traditional finance as early as 2029. That seems "a little" bullish, even for me, but it does hint at how some people are willing to go boldly on record in what is generally a conservative market.

What this high percentage of young owners indicates though, is what I have mentioned over the last five years - the youth of today are primed for a world of tokenization. Also, they are quickly realizing that they have very little chance in the traditional markets and if they want to beat the rate of inflation in order to be able to purchase their dreams, they are going to have to think outside the box that has been placed over them.

One of the ways to control a population from rising up against its oppressors is to stop protests and limit freedom to assemble, to organize. This is the same when it comes to holding onto power in an economy, as by stacking the cards in the favor of those who already have the power, those without can't do anything about it.

The thing is, that eventually all things change and this includes economies as over time, the habits of the people who use it change. But in the past, the habits were still tied within the already controlled economy.

Crypto is a little different though, as it can be both protest and assembly at a global level. Crypto allows for users to organize at a mass scale with precision and control, even though none need know each other at all - the power of trustless networks. As people start recognizing, developing and utilizing the new found abilities, the streams of what is valued starts to change and what had value starts to lose ground.

As the young start to get older, more will have wealth held and growing in secondary economy and they will increasingly use that wealth to consume and generate more wealth in this economy. As people start to drop out of the market economies due to age, an increasing percentage of financial activity will take place in the shadow economy to the point that eventually, it will become the main.

I think this takes longer than eight years to accomplish, but I also think that as the trend lines start to become irrepressible, there will be a quickening of changeover process, pulling more of the traditional capital into the shadows, pulling the new economy into the light of acceptance.

Markets are driven by sentiment, but never before has there been a market for economies quite like this, and never at a global scale. Increasingly, people are making a buy or sell decision on which economy they are going to support and if we are looking at them as project old and project new, project old has treated and is treating an increasing number of people poorly.

This means that the protest is to opt-out of the old and into the new, which due to the laws of supply and demand, reduces the value of the old to the point that even the diehards within, will have to question which is going to give them the best ROI. For a business, the decision will be made by the laws of business itself - maximize profits.

There is a tyrant at play in the world and it isn't organized by some small cabal of the rich and powerful, it is the economy itself. The "natural" evolution based on the design had an inevitability of this point in time and it has an inevitable end, as it eats itself unless reset.

Revolution has reset in the past, but never before has an entire economy been slowly replaced by another that is running simultaneously alongside - global economies haven't had to compete with other global economies - people didn't have a choice of which they used.

Now they do and after the understanding that choices are increasingly being taken off the table and potentials lessened in the old economy, people will be far more open to look at the new options out there.

Currently, crypto ownership is an anomaly in older generations and uncommon in the middle sets, but that 31% of owners under 24 has doubled since January and I suspect it isn't going to slow down. If we look at the average manager in many tech companies now, they are around 40-50 years of age and hold a fair bit of influence in various ways. Those 24 year olds will start hitting management levels within the next ten years and in fifteen, some of them will be senior.

Fifteen years down the track, how many of the current 24 year olds will hold crypto and how will they be willing to use it? At that point, they will be making global business and investment decisions at banks and companies, in governments and of course as individuals - after being crypto holders and users for the last 15-odd years. Business being business and looking to maximize profits, they will cater to the market. What kinds of decisions do they make and will incorporating crypto be a decision at all?

No, it won't.

It will just be the way business is done.

Taraz [ Gen1: Hive ]

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