Cryptocurrency
Young investors have flooded into bitcoin during the pandemic, while the older generation can’t get enough of gold, a team of JPMorgan analysts said
As reported by Business Insider, “Retail investors are split down the middle by generation over their favorite alternative assets, according to a note from JPMorgan this week. “Older investors are more inclined towards gold, while millennials are flocking to bitcoin, analysts from the bank said. “‘The two cohorts show divergence in their preference for ‘alternative’ currencies,’ a […]
As reported by Business Insider, “Retail investors are split down the middle by generation over their favorite alternative assets, according to a note from JPMorgan this week.
“Older investors are more inclined towards gold, while millennials are flocking to bitcoin, analysts from the bank said.
“‘The two cohorts show divergence in their preference for ‘alternative’ currencies,’ a team of analysts led by Nikolaos Panigirtzoglou wrote. ‘The older cohorts prefer gold while the younger cohorts prefer bitcoin.’
“Both gold and bitcoin exchange-traded-funds have experienced strong inflows in the past five months, as both age groups see the potential in alternative currencies, the note said…
“…The parallel buying of US equities and bitcoin by millennials has increased the correlation between bitcoin and the S&P 500 index since March, JPMorgan said…”