- Bitcoin, the world’s most popular digital coin, has been highly volatile.
- Young Americans see cryptocurrency as a long-term investment opportunity to build wealth.
- Although millennials are the largest generation in the U.S. labor force, they own 5% of U.S. wealth.
Nick Halversen was skeptical when his friends started piling into high-flying, volatile cryptocurrencies like Dogecoin amid the coronavirus pandemic.
“It seemed silly. I’m not trying to get rich quick. That’s like gambling,” says Halversen, 27, a marksmanship instructor for the U.S. Marine Corps. “My father taught me to play the long game when it comes to investing.”
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