Interest in cryptocurrencies has been on the rise throughout 2019 and Bitcoin’s (BTC) impressive 300% rally from $3,130 in February 2019 to $13,800 on June 26 surely had something to do with growing interest.
Multiple studies have shown that millennials and younger investors, in particular, have grown increasingly skeptical of traditional financial service providers and banks in the wake of the 2008 financial crisis. At least 40% of this demographic has said that they intend to invest in cryptocurrency in the future.