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EUROPEAN MILLENNIALS DON’T CARE OR WANT TO UNDERSTAND BITCOIN
1166 sats \ 5 comments \ @nomainvest 14h Education
I am 35 years old, was born in Brazil and have been living in Europe for the last 5 years, first in Italy, then in Malta, and now in Spain. In all of these countries, naturally I’ve been making friends about my age and with similar background, middle class, with higher education studies, good income, etc.
Whenever it comes to the point where we discuss finances and retirement, I always comment about Bitcoin and as I see it as the best opportunity in our generation – for all the right reasons that we are all aware of here at stacker news.
I have received out of these comments innumerous eye rolls, or scam alerts, or even answers like, “I don’t want to understand it, it is too complicated, and I prefer to keep my money in a safe investment.”
Now, after a few years I understand why, Europe has given them too much stability and comfort for the past decades, and only a few are waking up for inflation and their salaries not keeping up with the prices, but very few. Me as a Brazilian, I have been watching the devaluation of my currency since I understand myself as a person, so I look at Bitcoin as basically a perfect solution for my money and investing problems, which are a big part of the adult life and solve many other problems.
A believe that Europeans are starting to wake up for it, and that’s good as this should mean a lot more of retail investors with good purchase power entering Bitcoin, I am doing my part when friends are genuinely interested in hearing and in their future self. I have orange pilled a few and some that already had Bitcoin started accumulating sats with a higher frequency after meeting me which I am honestly proud of.
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121 sats \ 0 replies \ @Kael_Yurei 10h
What happens in Europe is that most people do not have financial education. Financial education is not a mandatory subject in most educational systems, a large part of the population does not understand basic concepts such as interest rates, inflation, investment diversification. There is a dependence on banks or private institutions that provide educational programs, with all the risks this entails for objectivity.
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121 sats \ 0 replies \ @Scoresby 12h
Europe has given them too much stability and comfort
I had not considered this as a reason for the general resistance to Bitcoin that I experience here in the US, but I'm wondering if you aren't on to something.
I, too, have the experience of speaking to people about Bitcoin and receiving scam warnings or eye-rolls. Often I attribute this to fear or ignorance -- that the people I'm speaking with are too afraid to take a risk and that we are conditioned to avoid financial scams by having an almost allergic reaction to new financial things.
But maybe it has more to do with safety. That the people I am speaking with have had the luxury of a fairly stable economic and political environment for decades and that leads to a unreasonable attitude toward anything new.
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100 sats \ 0 replies \ @stack_harder 9h
the suck hasn't been bad enough for people to even consider things, since the big covid print though people are waking up to spiraling costs, most haven't gotten to the solution part. That and all the media fud targeted at btc, plus contagen from all the crypto scams etc
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100 sats \ 0 replies \ @DarthCoin 13h
but people are retarded...
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0 sats \ 0 replies \ @LibertasBR 58m
Even here in Brazil, many people don't care about Bitcoin, and the reactions are generally the same. And among the many I've met who have Bitcoin, none of them consider it money; they refer to it as fiat earnings. A useless mentality.
It could be a lack of financial education, complacency, blind trust in the government, and most importantly... stupidity.
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