According to the exchange platform Gemini, almost 20 million American adults will enter the cryptocurrency market by 2022. But exactly who are these crypto newcomers-to-be? According to Yahoo Finance, Gen Y and Gen Z make up a massive 74% of crypto traders. That means that Gen X’ers or “boomers” have a long way to go to tip the scales. Less of these individuals—between the ages of 57 and 74—are putting money into this volatile market, perhaps at the advice of their conservative financial planners.
Still, change is on the horizon. IM Academy says a peek at their own demographic reveals that boomers make up a significant portion of its student body.
Closing the Generational Gap
Although Gen Y and Gen Z were among the first to start engaging in crypto, boomers are gaining a firm foothold; an analyst predicts that a flood of crypto wealth will come from boomers entering Bitcoin.
Of course, one of the biggest obstacles preventing boomers from engaging in the market is technology. Gen Y and Gen Z have practically grown up with the advent of the internet, while some boomers are still trying to figure out Facebook and FaceTime.
There’s No Age Limit on Learning
Almost-baby-boomer and Tesla CEO Elon Musk, 50, bucks the trend. In February, he spent a massive $1.5 billion in Bitcoin, according to a report from CNBC.
Regardless of your age, you’re never too old to continue your financial education. IM Academy offers a vast curriculum of market strategies, crypto included, taught by highly knowledgeable educators. Whether you’re a boomer, Gen Y’er, or Gen Z’er, you can easily take advantage of the educational platform.
You can gain confidence when exchanging, learn about various strategies, and increase your understanding of the financial markets. Taking the first step on this journey could be as simple as looking into the academies and deciding which suit your long-term goals.
IM Academy was founded in 2013 by Christopher Terry and Isis De La Torre. The online platform has a global student body and teaches innovative market strategies with in-depth modules or ‘academies’ covering trading basics. The current modules available are FRX, HFX, DCX, and ECX. The platform delivers these courses through engaging video content, ongoing quizzes, and interactive goLive sessions. All of the content is available both online and via the IM Academy app.
Learn more about IM Academy: https://www.youtube.com/watch?v=iMH9NEjc-28
Note: IM Academy is an educational forum for analyzing, learning, and discussing general and generic information related to markets and strategies. IM Academy does not provide personalized recommendations or views as to whether a market approach is suited to the financial needs of a specific individual. Before deciding to participate in the forex or other markets, you should carefully consider your objectives, level of experience, and risk. Most importantly, do not risk money you cannot afford to lose. You should take independent financial advice from a professional in connection with, or independent of, research and verify any information you find on the IM Academy website.