NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Bitcoin Is The Answer: Survey Results Reveal Growing Millennial Distrust in Big Banks

Tony "The Bull" Severino
Tony "The Bull" Severino
4 years ago
3 mins read
bitcoin big bank distrust millennials

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Millennials like many things, like avocados, Telsa, Beyond Meat burgers, and Bitcoin. What they don’t like, is big banks.

New data shows that distrust in big banks is growing amongst the age group, rising by 29% over the last several years since the crypto bubble.

Millennials Prefer Crypto, Boomers Stick With Stocks

While Baby Boomers have always preferred the stock market and traditional equities, millennial distrust towards big banks and Wall Street have led the consumer group toward emerging assets like Bitcoin and other cryptocurrencies.

Retail investors among this age group dominated the early adopter user group that helped fuel Bitcoin’s rise throughout 2017. At peak hype an exuberance, a survey questioned a variety of age groups regarding the then flaming hot cryptocurrency.

Related Reading | Data Shows Crypto More Likely To Pump Following Consolidation, 20% Move Anticipated

Of the respondents, only 18% said they would trust Bitcoin over big banks.

Among Bitcoin’s many beneficial attributes, its trustless, decentralized design remains one of its most valuable. No third-party can control the network, nor can a third-party stop it.

Other aspects of its design allow users to be their own bank, removing the need to rely on big banks that greedily influence monetary policy.

bitcoin millennial distrust big banks

Survey Reveals Majority of Millennials Trust Bitcoin Over Big Banks

Today, the survey shows a massive boost in those trusting Bitcoin over big banks. The number has risen by 29% to 47%, just three years later.

The information is particularly interesting because the previous survey was taken during a time there had never been more hype for the cryptocurrency.

Over time, have more investors learned more deeply about the asset’s potential benefits? Or could a sudden shift in distrust in governments and big bank buddies have caused a significant skew in results?

Related Reading | This Volatility Measuring Tool Is Signaling One of Bitcoin’s Biggest Moves Yet 

The data also shows that the majority of millennials polled prefer trusting Bitcoin over big banks, while Baby Boomers prefer big banks over Bitcoin by far.

Additional data indicates that this age group in particular may help further adoption in the coming years. 14% of millennials claimed they already owned Bitcoin, while 44% say that they plan to within the next 5 years, paving the way for significant future adoption.

Data shows that if cryptocurrency technology follows the path of the internet in terms of adoption rate, it could reach a similar level of adoption by the year 2043 – reaching nearly 50% of all consumers.

However, quickly growing distrust in the government and big banks, among other reasons, may have caused adoption to hasten.

Recently, the leading cryptocurrency by market cap was mentioned on-air by protesters suggesting it is just one of many ways individuals can “opt-out” of the current, dangerous monetary policy and manage your own finances.

A wave to distrust is spreading across the world, and as things potentially get worse, more users could turn to a trustless store of wealth like Bitcoin.

Tweet123Share216ShareSend
Tony "The Bull" Severino
Tony "The Bull" Severino

Tony "The Bull" Severino

Tony "The Bull" Severino, CMT, is a distinguished figure in the cryptocurrency analysis sector, renowned for his in-depth technical expertise and innovative approach to market trends. As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market.
A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony’s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements.

Read more

Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions.

In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony’s expertise to guide their trading strategies.

Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies.

Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders.
His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics.

Tony’s nickname, "The Bull," aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice.

In summary, Tony "The Bull" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.

Close

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Ethereum Consolidation Continues – Altseason May Follow A Clean Break Above Resistance

Ethereum Consolidation Continues – Altseason May Follow A Clean Break Above Resistance

Ethereum has remained in a volatile consolidation phase, trading between the $2,400 and $2,800 levels as geopolitical tensions weigh heavily...

Sebastian Villafuerte 2 hours ago
Bitcoin

Key Fractal From 2023 Says Bitcoin Price Is Still Bullish, But A Crash To $90,000 Could Be Coming

Crypto analyst X Force has drawn the crypto community’s attention to a key fractal from 2023, which paints a bullish...

Scott Matherson 3 hours ago

Seizing the 2025 Bull Market: How CoinEx Empowers Global Traders from Three Key Perspectives

As the crypto market enters a new wave of bullish momentum in early 2025, Bitcoin has repeatedly broken through the...

News BTC 3 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin

Bitcoin Gold Rush 2.0? Treasuries Swell With 60 New Players

Christian Encila 32 minutes ago

Krypto bull run je tu: najlepšie altcoiny, ktoré sa oplatí kúpiť práve teraz

Kováč Martin 39 minutes ago
Vietnam legalizuje kryptoměny a Saylor radí Pákistánu s blockchainem: Nejlepší altcoiny k nákupu

Vietnam legalizuje kryptoměny a Saylor radí Pákistánu s blockchainem: Nejlepší altcoiny k nákupu

Doležal Pavel 1 hour ago

Premium Sponsors

Top Brands

Press Releases

  • Wietnam zalegalizował kryptowaluty, a Saylor doradza Pakistanowi w sprawach blockchain: Najlepsze altcoiny do inwestowania

    Wietnam zalegalizował kryptowaluty, a Saylor doradza...

    51 minutes ago
  • Bitcoin Price Euro Price Surge and the new “Cloud Mining...

    4 hours ago
  • 仮想通貨プレセール注目プロジェクト|ビットコイン連動の新トークンが脚光を浴びる

    ...

    6 hours ago
  • 仮想通貨おすすめ|話題のレイヤー2プロジェクト、5,300万ドル調達でプリセール最終段階へ

    ...

    6 hours ago
  • 新しい仮想通貨が急成長中のプレセールで100万ドル突破|今買うべき注目の格安トークンか?

    ...

    6 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.