Billionaire investor Steve Cohen said on CNBC today that he owns a small amount of Bitcoin because of his son.
"My son is really interested in Bitcoin and told me to test and learn how to trade on Coinbase... There is definitely a part of the population that believes in Bitcoin, and Bitcoin could be the gold of the new generation ... it's hard to know the future."
Steve Cohen's story is not an exception, he is just more open. Unlike Peter Schiff, Chase CEO Jaime Dimon or the President of the European Central Bank, their children love Bitcoin but they cannot convince their children, then go FUD Bitcoin.
Many older people become interested in Bitcoin today because of the push from their children, and the wealth will be transferred to the younger generation over time. This is why Wall Street and major banks are now accepting Bitcoin, they don't want to disappoint their future customers.
