Fundstrat's co-founder and famous cryptocurrency enthusiast Tom Lee believes in digital currency adoption driven by Millennials. Speaking at ChainXChange conference in Las Vegas, he compared the evolution and driving forces behind Internet and smartphones adoption to what's happening with cryptocurrencies.
A Facebook survey conducted in 2016 revealed that over 90% of Millennials distrust banks and prefer to stay away from them.
"70% of Gen X and 60% of Millennials never visit a bank branch. They do all of their transactions online. So to them, native digital is something they’re very comfortable with…" he pointed out
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