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Thanks to Millennials, Bitcoin is “here to stay.” 

Nov 25 2020

Thanks to Millennials, Bitcoin is “here to stay.” According to a BlackRock’s CIO of fixed income, Bitcoin is sticking around thanks to Millennials’ “openness to cryptocurrency and digital payments.” This month, Bitcoin has surged 37% to levels “not seen since its run to just under $20,000 in December of 2017.” He believes that it has the real potential to “replace gold to a large extent” since it’s a “durable mechanism” for means of trade. JPMorgan also says that they see “considerable” upside in Bitcoin as it competes with gold as an alternative currency. (Business Insider)