Of Gen Z & Crypto Calls

The year 2020 was unprecedented in many ways. The world came to a standstill because of the coronavirus pandemic. Cities that presumably never sleep went into complete lockdown. It was also the year that shook the financial markets to an extent that wasn’t seen post the 2008 credit crisis. In all this commotion, cryptocurrencies emerged as an asset class that hit financial markets like a storm. Cryptocurrencies not only became recognised as an asset class, but they expanded into a scale nobody had ever seen before in the financial markets. The largest cryptocurrency by market cap is Bitcoin, and it has been around since late 2009. However, Bitcoin emerged as the single-best asset during the pandemic commotion. Bitcoin’s meteoric rise to popularity was exactly as Nassim Nicholas Taleb described in his book Antifragile. Taleb stated, “Some things benefit from shocks;...