Why Crypto Newcomers Have to Reject Bitcoin

If you’re wondering if you’re late to the crypto party, you already are.

17% of US citizens own Bitcoin.

66% of young Singaporeans own some form of crypto. Specifically, the primary workforce age bracket of 26–45. Young ones aged 18–25 were 3 to 9 times more familiar with altcoins compared to older brackets.

I seriously doubt the demographic composition of those 17% deviates wildly from results in Singapore. The point is the steering mass of the workforce in most countries have a stake in cryptos, and they will vote according to that interest.

Soon the reasons to buy into cryptos will be less about making financial gains and more about not being too financially impoverished in the new paradigm.

There’s a simple yet elegant theory in psychology known as Regulatory Focus (was my senior thesis). Basically it says that people are motivated to take action either through a promotive orientation to accrue gains and achieve goals or by a preventive orientation to stave away losses.

The key phrase above isn’t about promotion or prevention actually. The key phrase most pertinent here is “take action”. And I have found both through poring over volumes of academic literature and life experience that universally most people are predominantly prevention…