De Leon: Bitcoin over stocks: Millennials moving with the times?

BITCOIN has had presence in the Philippines since its creation in 2009.

But it has been getting heaps of attention lately, as it has been dubbed as the world’s first virtual currency, millennial-gold, magical internet money, or an invention for world domination as a conspiracy theory puts it (yeah, right!).

The mainstream media is saying: It’s a bubble waiting to burst. It may be completely misunderstood by many, but it's here to stay and shake things up.

Do you recall how the internet changed the way we consumed information and interacted with others? Bitcoin can change the way we think about money, too.

Bitcoin was invented as a peer-to-peer system for online payments that do not require a trusted central authority.

Millennials, though often getting the blame for ruining traditions and the established scheme of things, may well be on the right path when it comes to investing and spending.

Thus, this idea perfectly supports why people are starting to shift away from the hegemony of the old money and the traditional investment options.

Surveys would tell us that the next generation of investors may have lesser interest in stocks and bonds, looking rather at a new technology
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