It's easy to become tunnel visioned and shortsighted with crypto due to the volatility and large % swings. i appreciate your taking the long view and looking at how demographics will affect adoption.

i think that you are right that the millennials will certainly lean towards Bitcoin (or other cryptos) rather than traditional financial instruments. We all know that the debt based system is doomed. Who in their right mind is going to accept iffy collateral (i am including all nation state debt) when you can use a smart contract that locks up actual collateral. i am also going out a few years... it'll take some time for these systems to be fully developed and tested, but now that we know it can be done, it will be.

For large financial institutions and corporations, there will be an increasing use of these contracts which implies that the tokens of the chains that provide these services will gain in value. Perhaps it will be a combination where the secured collateral will be Bitcoin but the contract will be on Ethereum or another chain providing smart contract infrastructure.