Millennials, a generation beleaguered by pupil debt, depression pay and a lack of savings, can rewrite their fiscal narratives using Bitcoin (BTC) and cryptocurrency according to a panel discussion at this year'south BlockShow superlative in Singapore.

That was the key takeaway from the "Millennial investment trends — new wave of personal finance" console featuring Aya Kantorovich of FalconX, Zac Prince of BlockFi and Grayscale's Michael Sonnenshein. The panel delved into Millennials' impact on the future of digital assets.

During the discussion, Prince identified 3 major Bitcoin adoption trends that are inextricably linked to Millennials and younger investors: The ongoing wealth transfer from Infant Boomers to the young via inheritances, the growth of culling assets and shifting preference for everything digital.

Alternative assets under management topped $ten trillion globally in June, upwards more than 55% from 2013, according to data provider Preqin. Although much of that shift has occurred at the institutional level, Millennials volition play an increasingly vital role in this market.

Prince said he expects crypto to "grow as a share of that alternatives bucket."

"Crypto-invested Millennials is an insanely valuable group [...] These are people who were alee of this tendency."

In Prince's view, it's only a matter of time earlier more fiscal institutions create onramps to serve these demographics.

"Information technology'due south really a question of accessibility," Aya Kantorovich, head of institutional coverage at FalconX, added. While less bullish on current Millennial trends, Kantorovich said that her firm has seen a big influx of retail-facing aggregators and payment providers that "need good liquidity," which is a articulate indicator of growing adoption at the consumer level.

Michael Sonnenshein, Grayscale'due south managing manager, also identified an important shift in how people, especially younger generations, view crypto diversification.

Although many believe that diversifying into crypto is an important determination, diversification within crypto is too growing in importance, he said. Investors are starting to look across Bitcoin and into other avails with "staying power," such every bit Ethereum (ETH) and Litecoin (LTC).

Sonnenshein talked nearly the growth of "Ethereum first, or in some instances, Ethereum only investors," an insight he also shared with Bloomberg last week.