Are cryptocurrencies only for young people?
Bitcoin and other cryptocurrencies stabilized their prices with some significant volatility happening every day. But this time I would like to write about the future. And future depends on youth.
The survey found that over one-third (36%) of U.S. investors would consider an investment in bitcoin, which roughly translates to 21 million people. There are a few potential reasons for this…
✅ 2. In addition to its use as a speculative instrument or as a long-term store of value, bitcoin is often seen as a way to diversify a portfolio, as its price movements are not closely correlated with the stock market.
✅ 3. https://www.fool.com/investing/2019/07/25/who-invests-in-bitcoin-the-answer-might-surprise-y.aspx
The average investor is 45 years old, and the average investor interested in bitcoin is 42. This is in contrast to the common misperception that bitcoin is popular only among millennials and other younger investors.
Half of young people between the ages of 18–34 believe that most people will be using Bitcoin in the next 10 year, and 42% say they are likely to buy Bitcoin in the next 10 year. This numbers shows this is 10% more than 2017.
So, in this bumpy times that means that we are witnessing of moving capital from FIAT to crypto and we can expect this also in the future. Especially when we take in consideration new future recession, Brexit, etc.
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