Inflation Epidemic has Millennials Moving to Cryptocurrency

• A research report published by cryptocurrency firm Coinshares shows millennials’ increasing lack of trust in fiat currencies.
• A number of countries witnessed massive inflation in 2018, further hurting confidence in fiat.
• Google search for terms “bitcoin” and “cryptocurrency” increased at the same time and coincided with a surge in market cap cryptocurrencies.

Last week, British cryptocurrency research firm Coinshares published its ‘Crypto Trends Report’. Their research, coupled with the report from World Gold Council, revealed that millennials and even Gen Z are gradually losing confidence in fiat currencies.

This comes at a time when multiple countries around the world printed double- or even triple-digit inflation numbers. In 2018, Argentina, Iran, Turkey, Sudan, Yemen and Zimbabwe reported huge annualized inflation rates. Of course, the obliteration of Bolivar deserves no special mention.