Bitcoin was launched in 2009 and gave birth to the cryptocurrency market, now challenging the traditional financial sector. Although the crypto market is over a decade old, it’s considered a ‘novice’ field, and investors call themselves ‘early.’ The Messari 2022 report is out today and showcases that the cryptocurrency market is only gearing up for the future. Messari reports highlight that the crypto market will be an order of magnitude by 2030.
Also Read: Bitcoin Might Hit 6 Figures & Reach $110,000: Analyst Reveals Timeline
“The Collapse in Institutional Trust”: Messari Report on Crypto
Messari Report predicts that millennials and gen-x investors don’t mind “taking a miracle” pill to retire and lead a financially independent life. They are worried about “skyrocketing public debt” along with inflation that’s eating up their savings and reducing their purchasing power. Therefore, the crypto market will be seen as a “life raft” in the coming years, wrote an analyst in the Messari report.
The report also highlights how memes and JPGs could attract more investors into the crypto market. “You could just be into crypto for the fast money, memes, and jpegs,” read the report.
Also Read: How Much Value Has Crypto Markets Lost in 2022?
The Future is Crypto
The crypto market is the only sector that can cater to the financial aspirations of millennials and gen-x investors. The youngsters believe that the stock market works only for the rich as they’re plush with large income flows. They think the stock market takes years or decades to deliver the desired results, and patience is no longer a virtue. For the current generation, time is money, and they believe in not wasting years or decades to earn better returns.
Therefore, the crypto market comes into the picture, and youngsters flock to it in record numbers. Businesses worldwide cater to their needs by announcing they accept cryptos as payment. As the new generation opts for cryptos, the older generation still bats for the stock market and fixed deposits.
Also Read: Shiba Inu: Shytoshi Responds to Developers Building on Shibarium
Eventually, the old will make way for the new, and investing in cryptos will be as normal as day. Also, the current investors can reap all the rewards after 2030 when cryptos become a norm and go fully mainstream.