Surveys show that across the world people's trust in governments are at all time lows. In the U.S. public trust in the government has gone down from 80% under President Eisenhower to under 20% now. Amongst Millennials who are by far the largest generation in America there is overwhelming distrust of the government and big centralized institutions. Facebook carried out a large survey of millennials in 2016 and it revealed 92% do not trust banks. All monetary systems are reliant upon ordinary people trusting their government.
Countries where trust in their government is low are one experiencing high levels of interest in cryptos. South Korea is a good example of this.

There are 96 million Millennials, one third of whom are just entering their peak earning period of their lives, and do not want centralized systems. There is a strong correlation between the rise in bitcoin prices during 2016 and the entry of millions of millennials into their peak earning period. It is Millennials who will drive the crypto sphere forward and they will not just sit back and accept one currency dominated by the interests of the miners. Many will seek out decentralized cryptos that are not beholden to the interests of one dominant group.