Home » Millennials Invest in Bitcoin, while Older Investors Trust in Gold

Millennials Invest in Bitcoin, while Older Investors Trust in Gold

Older generations invest in gold, while millennials are flocking to bitcoin, according to a note from JPMorgan this week.
news - Millennials Invest in Bitcoin, while Older Investors Trust in Gold

Older generations invest in gold, while millennials are flocking to bitcoin, according to a note from JPMorgan this week.

“The two cohorts show divergence in their preference for ‘alternative’ currencies,” a team of analysts led by Nikolaos Panigirtzoglou wrote. Millennials prefer to invest in tech-related stocks, while the older investors are selling equities.

news - Millennials Invest in Bitcoin, while Older Investors Trust in Gold

As both age groups see the potential in alternative currencies, both gold and bitcoin exchange-traded-funds have experienced strong inflows in the past five months.

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The simultaneous flow support has caused a change in the correlation pattern between bitcoin and other asset classes, with a more positive correlation between bitcoin and gold but also between bitcoin and the dollar as US millennials see bitcoin as an ‘alternative’ to the dollar.

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