Cryptocurrencies "Greatest Opportunity" to Get Millennials to Trade
Here's a hoot. TD Ameritrade says Cryptocurrencies are the 'Greatest Opportunity' to Get Millennials to Trade.
- The cryptocurrency market may be just what is needed to lure millennials into trading, TD Ameritrade chief market strategist JJ Kinahan told CNBC on Monday.
- "People complain that we haven't gotten millennials to trade. Maybe this isn't the product I'd like people to start with, but this is the greatest opportunity," he said.
- Over the past year, bitcoin — the biggest cryptocurrency by market cap — is up more than 1,500 percent. Ripple, meanwhile, ripped 35,000 percent last year alone.
I can think of no better way to get a generation to swear off stocks than losing their asses on cryptos, having recently watched their parents and friends parents lose their houses in the housing bubble.
As an aside, the above CNBC link contains an autoplay video kicking off with an ad. Most Bloomberg articles do the same.
I await Google's ad policy that is supposed to start blocking auto-play ads in February.
Mike "Mish" Shedlock