Why The Carol Burnett Generation Does Not Understand Bitcoin and Will Lose Their Wealth Because Of It
The Carol Burnett generation does not understand Bitcoin, the blockchain or crypto currencies. This will be a costly mistake for them, if they do not quickly turn around and learn about it. Carol Burnett was a brilliant female comedian that broke the ice for women in the TV entertainment industry. For 11 years, The Carol Burnett Show on CBS television aired from 1967 to 1978. Over the years of her show, Carol Burnett won numerous Emmy and Golden Globe Awards. The hit comedy show featured skits, song and dance, parodies and much more. The viewing audience back then, make up the Baby Boomer generation of today. The Baby Boomers are those born from 1946 - 1964. They are now in their late fifties, sixties to early seventies. This generation is having a hard time understanding Bitcoin, crypto currencies and the blockchain.
Baby Boomers have a great deal of U.S. Dollar wealth. 10,000 of this generation are turning 65 every day in the U.S. It is the fastest retired population in North America. It is this generation that will end up losing their wealth (U.S. Dollar wealth) because of their not understanding Bitcoin. The Baby Boomer generation has around $47 Trillion Dollars of assets. Their $47 Trillion dollars worth of assets, is at risk of being lost to others who are already invested in crypto currencies and understand where the future is heading.
The Carol Burnett generation is stuck in the old paradigm of the U.S. Dollar being the World's Reserve currency. Those days are coming to an end. The world has been pulling away from using and buying U.S. Treasuries for some time now. Even the oil industry is starting look at using the Chinese Yuan gold note for future oil trades in lieu of the U.S. Dollar. All Fiat currencies eventually reach their true intrinsic value, which is zero. The U.S. Dollar is no exception. It will also reach zero in value.
The old monetary system of Central Banks and the 300 families (or less) who own them, is dying. People are waking up and the junk Fiat currency has been over printed and inflated to where it is worth nothing. People will gravitate to a true store of value and a form of honest money. Bitcoin and the blockchain are honest money. I have written many articles explaining this in detail. Check out my archives to read about it. Those that fail to see the paradigm shift to the new digital, blockchain crypto monetary system will lose out.
There is over $2000 Trillion Dollars, that will eventually be transferred into the digital blockchain crypto currency network. This transformation will take place over many years, perhaps decades. The longer you wait to transfer your wealth to this new monetary Fin Tech, the more you will lose. The Carol Burnett generation can not afford to miss this tech evolution. They will not be able to re earn that wealth again. The Baby Boomers need to start their learning curve now and understand just what is crypto currencies and the blockchain. If they rely on their local banker or investment adviser, they will lose it all. The banks and investment advisers are the most threatened by Bitcoin and the blockchain. They certainly will not tell the truth about a technology that is going to be putting them out of business.
What do I recommend? I recommend that the Carol Burnett generation wake up fast. Time is running out. Get your head out of the sand and see the paradigm shift. Learn all that you can about the blockchain and crypto currencies. Start small and buy your first crypto. Learn how to purchase and store your crypto safely on a hard wallet. Your wealth and estate is at stake. Take full responsibility of your hard earned assets. Do not rely on others to put your full trust and faith in. The greatest transfer of wealth in mankind's recorded history has started. Do not be at the losing end of history in the making.
image from: howardstern.com
reference article: https://www2.deloitte.com/insights/us/en/industry/investment-management/us-generational-wealth-trends.html
Love your words. Lots of truth. Shame some won't listen..............
I try very hard to warn them. I give public presentations about the blockchain and crypto currencies and they just have too much blind faith in the U.S. Dollar and the banks. The loss will be great and they are too old to recover such losses.
hola! I like your post! Thanks for it! I went to jail because of cryptos... lets make steemit together to a better place with our content! I would like to read a bit more about you and maybe do you have some more pictures? I also just wrote a introduce yourself. Maybe you upvote me and follow me swell as I do? https://busy.org/introduceyourself/@mykarma/1-jail-review-bitcoins-3-years-ago
I gave you an up vote on this comment. Yes, very good article you wrote. I will read more as you write and post!
It is indeed the biggest wealth transfer in the history of mankind but cryptos are not the only solution to manage it. There are additional ways to overcome this upcoming monetary disruption. Most of the wealth of the baby boomers will vanish with their pensions.
I agree. The pension lost will be great indeed. Many should worry about that inevitability. Thanks for your comment. I appreciate it