Aside from having at least basic knowledge on today's technologies, I think millennials may find it easy and more convenient to invest in Bitcoin because of its extreme volatility which is very attractive especially on its very remarkable growth for the past ten years.
Meanwhile, if you invest in gold, the easiest way to do it is to buy the "physical asset" which could be also scary security-wise because it could be stolen anytime if you didn't store it safely, the other methods would be to buy shares of gold ETF or buying gold futures from commodities market which is less accessible to ordinary individuals.
Topic: Millennial Generation Investors Prefer Bitcoin Over Gold - page 2. (Read 333 times)
I've visited the link you provided but unfortunately, it is broken.
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Anyway, I think the reason behind it is that Millenials are mostly into using the internet, they exposed online so it is easy for them to access Bitcoin and other crypto compared to Gold. Another hypothesis is that because Millenials are love to take the risk no matter how big it is, knowing the Crypto market has an undeniably high risk ahead of it.
Theres a reason behind all the millennial frenzy for the asset they want to invest in. Bitcoin is one of the phenomena in the last 1 decade, it change thing in a different way than before. Transaction, usability, convenience and price are what bitcoin has. As an accepted payment system and transparency is what makes it superior. The limited number of bitcoin and the high demand have made it a high-value asset, the volatility poses a risk, but can also benefit anyone in between. Big risk are a consequence of high expectation, big profit and so on. The price of bitcoin can change from time to time and so on, so your economic status will also change if you enter and invest in it before 2017 until now.
I have seen many people in millennial generation preferring the bitcoin and for them gold has no purpose as such other than just keeping it in the safeguards. Also, the utility of gold is not much unless you are making it jewellery and making use by wearing them. Bitcoin as compared to them can be used for transaction, returns as such seems to be better than gold and easy to store.
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I don't know if that is right or not, but based on what I saw, the millennial generation does not think about bitcoin or gold, but they think about how their future will be because we still at the pandemic. Instead, rather than think of bitcoin or gold, they were having difficulty going to university or search for the job because that is what they need now to survive. Maybe that is for the millennial generation who doesn't have much money, so they need to make money. But for the other millennial generation, they can choose bitcoin or gold.
But I hope that news is right that bitcoin can open their eyes and mind to see the opportunity to make a profit in the future from bitcoin. But they have a choice to invest in both bitcoin and gold.
But I hope that news is right that bitcoin can open their eyes and mind to see the opportunity to make a profit in the future from bitcoin. But they have a choice to invest in both bitcoin and gold.
Yes. Bitcoin seems to be more interesting and easy to store than gold, and of course more profitable and volatile. It gets everyone excited, especially derivatives traders. I have been losing money for many years but I would still choose Bitcoin over gold.
Found this article which says that Millennial generation investors prefer Bitcoin over Gold:
cutive-says-millennial-generation-investors-prefer-bitcoin-over-gold]Article
I am not a millennial, I do have Bitcoin and no Gold.
Found this article which says that Millennial generation investors prefer Bitcoin over Gold:
cutive-says-millennial-generation-investors-prefer-bitcoin-over-gold]Article
I am not a millennial, I do have Bitcoin and no Gold.
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