Millenials distrust the traditional financial system, says new study

[Buenoscoin]

Entrepreneur and cryptocurrency enthusiast Tom Lee, also founder of market research firm Fundstrat, has assured that millenials feel a deep distrust in the current financial system, and that this situation could trigger the incursion of new companies favorable to the environment of Blockchain and cryptocurrencies.

Through several messages posted on his Twitter account, Lee based his assertion on the recent announcement of the Intercontinental Exchange Group (ICE), a company that operates in 23 financial exchanges and regulated markets, about how Bitcoin is creating the beginning of a new financial era.

Also, Lee highlights the fact that traditional financial companies such as Goldman Sachs and American Express are looking for ways to enter the cryptocurrency market, a situation that would greatly benefit millennials who, according to Lee, seek to escape from traditional banking.

Lee also points out that the new ICE Bakkt platform could include numerous advantages for currency exchanges and current cryptocurrency businesses such as Coinbase. For example, ICE plans to create a new format for futures contracts that will soon offer more favorable results for Bitcoin users than those currently offered by the major Chicago exchanges.

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