We’ve seen the correlation between avocado and bitcoin prices before. So do Trump’s new measures against Mexico indicate a ‘buy’ signal? Looking at Bitcoin/Avocado demographics, millennials may indeed be the key ingredient.
AVOCADOS & BITCOIN – A MATCH MADE IN HEAVEN?
But why might that be? And what does it mean?
There will be more than 21 million avocados eaten in the next hour in the United States alone. So that can’t really be it. In fact, the US imports 1.8 billion pounds (over 750 million kg) of avocados each year from Mexico. Not to mention the home-grown volume.
Most of this is probably smushed onto toast and eaten by millennials.
THE MISSING LINK – MILLENNIALS?
Are these millennials also the ones pushing up the bitcoin price?
According to the demographics of the Bitcoin community provided by CoinDance, maybe so.
57.39% of Bitcoin community engagement comes from the Millennial bracket of 18-34 years old.
But are flush Gen-Z’ers popping out for brunch and buying bitcoin as they eat? Or do BTC price rises spur a more decadent morning purchase?