Quote from: bryant.coleman on October 07, 2020, 05:02:22 PM

The actual reason is that in most cases they are afraid of getting scammed. We can't blame them really. In the recent past, we had a few multi-billion cryptocurrency scams such as Onecoin and PlusToken, which mostly targeted the elderly people. The media also went overboard with these scams. If we could convince them about investing in cryptocurrency, then we may get good response from this group.

That's certainly true, mate. With so many scams taking place in the crypto/Blockchain industry, old people will think twice before joining the crypto train. Bitcoin will prove to be more risky for them than Fiat itself. It's this reason why young people will adopt Bitcoin the most. And there's nothing we can do about it. At least, Bitcoin's adoption in the mainstream world is growing at a slow and steady rate. Not everyone will find Bitcoin to be attractive as a long-term investment or as a currency for daily payments. Both Fiat and Bitcoin will have their number of supporters in the mainstream world.

Nonetheless, those who're interested in Bitcoin will do whatever it takes to understand how it works. The elderly will always be the minority because most old people aren't quite fond with the latest technologies. As long as we do our part in explaining to them the benefits of Bitcoin relative to Fiat, adoption will come one way or another. We just have to be patient in order to achieve great results in the long term. Just my thoughts Grin