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RE: Cryptocurrency in the Mainstream: Who is Winning the Race to be Digital Cash?
I don't know if this makes sense, but I wonder if the Baby Boomers factor in. This generation effects every market it passes through, from baby food to funeral homes. This is also the last generation with the highest percentage of people who don't/won't use computers and smart phones. They still use checks. They are still the biggest market group. Could be when retailers that benefit from them no longer have their business, they will adapt.
Right now many don't have to. Grocery chains for example.
Just a thought?
That is a great thought!
A few economists I follow talk about the wave of spending that occurs when people go through certain stages of life. The Baby Boomers are in their peak spending years, and the next generation is entering it in about 5-7 years.
I'd say in that time frame we will see the transition money from early adopter to mainstream come in. We are still in the innovator stage if you look at the percentage of people using the technology.
I think you're probably right. And until the time gets closer, we'll see digital currencies rise and fall all scrambling for the lead. It may not be until the latter part of the early adopter period that we really start to see which coin(s) ends up on top. When all the businesses start to scramble to accept digital currencies, some standardization will start to happen.