Topic: Millennials Increasingly Prefer Bitcoin to Gold or Real Estate - page 5. (Read 1186 times)

I have to admit it before opening the article I was expecting that it will fail to include why people are preferring Bitcoin over than Gold and Real Estate but I was surprised that one of their first point is the wealth inequality happening in the bottom 50%. What I observe with the Millennials we have in our generation is that they are more practical with their money and they don't prefer the stable investments anymore since this doesn't maximize the earnings they will have for the considerably small salary they begin with. Yes there are volatile stocks as well but what they are after is more than a 10-20% gain on their capital and that is where cryptocurrencies come in particularly Bitcoin since it has the potential to double or even triple in just a months time which compared in the stock market only penny stocks can do it and not the big market cap ones. Real Estate and Gold doesn't even have that kind of return considering the amount you need to invest on it before you can get your hands one.

Bitcoin is and it isn't red hot--that probably doesn't make sense, but at the moment bitcoin is down from where it was in 2017 when there was a true mania for bit, and there were threads here in which members talked about how they were selling their house and even their kids' toys to buy bitcoin.  It was crazy, crazy, crazy.

But bitcoin (and crypto in general) is still very popular, and it isn't like investors abandoned it.  The price is just stuck in a rut, which will probably reverse itself eventually.  In that respect, bitcoin is still red hot for the long term.

Anyone (not just millenials) should watch out if they're putting all of their money into bitcoin.  Even though millenials are young, bitcoin is still a very risky investment and nobody knows how it's going to perform in years to come.  If I had a choice between buying bitcoin or real estate, honestly I'd have to go with the latter--and I'm not even sure how real estate is going to perform marketwise, but owning a house or land is generally a very good investment that has a clear practical use. 

You can live in a house.  You can rent out your property and earn income.  Bitcoin doesn't do much except sit in a wallet while you're hoping the price goes up.  That's kind of how Warren Buffett feels about gold, that it doesn't generate income or perform a useful function like stocks do.  Bitcoin is in the same boat IMO, and I say that even though I'm a huge supporter of it.  Millenials would do well at least owning their own homes, even if it's a tiny house.  lol

I certainly represent the same group of people but really don't agree with the statement which says - "Bitcoin is much better option than gold or real estate"!

Bitcoin's volatility makes it a bad investment asset, but the same volatility also makes it a speculative asset! Whereas real estate and gold is considered mostly for capital protection! So these are two different asset class!

This discussion is ongoing since a long time now to understand if bitcoin is better than gold or real estate! But the comparison is itself invalid!

British digital asset management firm CoinShares has released a report that outlines a number of trends in the Bitcoin and cryptocurrency market in 2019.

The report describes the social, political, economic, and technological forces driving cryptocurrency adoption, and the consequent trends that have materialized in the cryptocurrency market.

The report opens with the technological, economic, political, and social macro forces that have brought the cryptocurrency market to its current state.

Check out the full news here

As a millennial myself, I would highly agree with this. Although that gold and real estate are both reliable long-term investments, it's just that Bitcoin is "red hot" right now. The risks are higher though due to the volatility of the market.

To all of the millennials here in Bitcointalk, do you also agree that Bitcoin is a much better option than gold or real estate? As much as I liked real estate, the target market is kinda tough. Unlike Bitcoin, anyone can afford to buy it, even in the form of satoshis.