Yes. Add that digital age that's being recognized by everyone. In this pandemic, everything is on the internet and that's why its recognition as a good asset which can be bought easily by anyone who's interested in owning can be done as quickly as possible.
Wallets in smartphones, as long as you have a data connection, you can go everywhere and bring your money with you in bitcoin. While in gold, you can't bring your entire gold wealth with you everywhere.

The millennial is tend to take a high risk, if we compare with an old investor they will think a thousand time to buy bitcoin for investment purpose. As we may know and I think there will be many people who will know that bitcoin price is so volatile, that's why they call it a high-risk place for investment.

Rather than that, the millennial must have a good analyst and knowing bitcoin the ins and out of it, since bitcoin was born from the technology field so just someone who knows the technology will be easy to accept bitcoin, there may be a few old people who likes bitcoin and having it.

And the last factor is bitcoin is not a place for investing their money, more than that they can use it as a sending money tool or even to play gambling, there are so many gambling places who use bitcoin especially online gambling, so for those who like investing and gambling they will choose bitcoin.

In my view, millennials have a few things correct. I'm 65 years old, thus when I was growing up I had very little in the way of toys or self-absorbed

activities like Internet/PC's/Kindle etc. Thus in my later years, it seems I now have a house of 'dubious' possessions or what most people would call 'junk'!

Millennials from what I can tell, after being swamped in the last 20 years in my humble opinion with all sorts of baby plunder/toys/etc growing up...and

the vast majority of these consumer goods were more on quantity than quality are actually quite wise in their view of conspicuous consumption and too

much clutter.

Thus why have the clutter of gold and the rest when Bitcoin/Crypto meets the need indeed!

I myself, will eventually, when they 'drag me off' to the Nursing home in 20 years, kicking and screaming (literally I'm a Shotokan Karate Practitioner)

I often find myself wondering, I obviously am 'different' from my age group on finance and BTC/Crypto...perhaps I should pull the trigger and simply

dump the house/the stuff/and it all 20 years early and just travel and/or rent. As the world of the USA gets weirder and weirder that seems to be becoming

a big pull. So anyway, I see this as a trend that will 'trickle' out over the next 5-10 years as a result of millennials' views on BTC/Crypto.

Probably should have happened a decade or so ago and with more financial freedom than my generation (my wealth is in the house stocks/bonds) probably

in 5-10 years more options and security as well, IF BTC/Crypto follows the same path and adoption it has in the last 10 years as well.

I'm fairly sure that if Trump would have gotten re-elected that actually may have pulled the trigger on the above, me 'simplifying' my life of clutter.

Anyway, just saying, the stuff and house and such eventually has to go, BTC/Crypto has certainly given me more options than the majority of my wealth

in stocks/bonds/house/and stuff.

Still pondering this, but I do see what the OP says is true and may even be a trend between generations also.

Brad

this is one of the few benefits of bitcoin that people should be very benefited by because of the current pandemic, with bitcoin able to transact non-cash via mobile phone or ewallet only. Hopefully this will continue to gain a lot of public trust in the future because the pandemic has lasted almost a year. I'm guessing it's going to take a very long time for the world to recover.

I think that its due to the fact that they are more adapted to technology than the previous generation and its easier to invest in bitcoin rather than gold because you can do it with a small amount of money and little effort.