tl;dr
A new Bernstein report highlights a generational shift in financial preferences, with younger investors favoring crypto and blockchain-based solutions while older generations remain skeptical. The report emphasizes the potential benefits for U.S. brokerage Robinhood, given its appeal to younger inve...
A new Bernstein report highlights a generational shift in financial preferences, with younger investors favoring crypto and blockchain-based solutions while older generations remain skeptical. The report emphasizes the potential benefits for U.S. brokerage Robinhood, given its appeal to younger investors and recent acquisition of crypto exchange Bitstamp. It notes that younger generations find traditional banking systems expensive and outdated, preferring decentralized finance (DeFi) and blockchain technology.
The report also discusses the increasing use of stablecoins and the growing importance of DeFi applications, suggesting that this generational divide will shape the future of banking and investment platforms. Additionally, it touches on the potential political implications of this shift, indicating a preference among younger generations for politicians who support crypto with positive regulation.
The FINRA research indicates that younger generations find the current banking system expensive, slow, and outdated. Instead, they are drawn to decentralized finance (DeFi) and blockchain technology. "GenZ likes their finances on-chain and not online,” the analysts write. “While banks push their digital banking platforms, GenZ finds those apps clunky and opaque.”
This preference is reflected in the growing use of stablecoins, with approximately 27 million wallets actively using them for payments every month. The report notes that close to $160 billion in U.S. dollar stablecoins are live on the blockchain, with $2.9 trillion settled quarterly. These stablecoins offer significant advantages in cross-border payments, Bernstein noted, with users able to transfer $1,000 cross-border for less than 1 cent.
The study also highlights the growing importance of decentralized finance (DeFi) applications. Monthly unique DeFi users stand at a 6-month average of 7.7 million. And there’s evidence lots of traders prefer to do their lending and borrowing on blockchain apps. The outstanding debt on decentralized lending platform Aave stood at $6 billion as of August 2024.
The report further states that this generational divide in financial behavior is likely to shape the future of banking and investment platforms, like Robinhood. "As Millennials and GenZ start to become a material part of household wealth, the way they manage finances would determine what the financial platforms of the future look like,” it notes. The research also touches on the political implications of this shift—a topic that has been near and dear to Bernstein as the U.S. Presidential election approaches. "GenZ seem to prefer politicians to support crypto with positive regulation,” the analysts wrote. “It should not surprise you when you see Trump making an appearance at a Bitcoin conference and saying all the right things to appeal to the crypto community."
More about Forum Energy Technologies Inc
Forum Energy Technologies Inc,Forum Energy Technologies, Inc. designs, manufactures, and distributes products for the oil and natural gas industry in the United States and internationally. The company is headquartered in Houston, Texas.
Sector: Technology
Industry: Oil & Gas Field Machinery & Equipment
Market Cap: 186.712B
Dividend Yield: None
EPS: None
P/E Ratio: -2.25
Stock Price: $68.64
Change: -0.0335
Volume: 772.059M
Avg. Volume: 30
Beta: -0.578
Market Cap/Sales: 0.107
More about C3 Ai Inc
```html
C3 Ai Inc (C3) operates in the Technology sector and is categorized under Services-Prepackaged Software industry. The company's market capitalization stands at 2731209000 with no dividend yield. The stock price change percentage over the last 52 weeks is -2.28, and its price-to-earnings ratio is 2.674. The earnings per share (EPS) is at -0.855, and the trading volume is 325433000. The current stock price is 25.11. C3's beta value is 0, and its 50-day moving average is 0.205.
```
More about mF International Limited Ordinary Shares
Stock Analysis Summary Stock Analysis Summary
Company: mF International Limited Ordinary Shares
Sector: TECHNOLOGY
Industry: SERVICES-COMPUTER PROGRAMMING SERVICES
Volume: 7,842,400
Price: $9.86
Dividend: None
Change: $0.06
52-Week Range: $2.759 - $0.207
Market Cap: 31,961,200
P/E Ratio: None
EPS: $1.179
EPS Growth: -0.021
More about Rush Street Interactive Inc
Rush Street Interactive Inc, Rush Street Interactive, Inc. is an online casino and sports betting company in the United States and Latin America. The company is headquartered in Chicago, Illinois.
Industry: TRADE & SERVICES
Sector: SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION
Market Cap: 2153640000
Dividend Yield: None
Beta (5Y Monthly): -0.09
PE Ratio: 10.78
EPS: -0.0084
Shares Outstanding: 801545000
Forward Annual Dividend Rate: 13.03
Forward Annual Dividend Yield: 0
Profit Margin: 0.888