JPMorgan discovered a pattern of tastes among generations of investors involving Bitcoin (BTC) and Gold. What do young men and women prefer?
The Bitcoin vs. Gold has existed since the first days of cryptocurrency. On the other hand, the past couple of months have compelled us to select one or another as a sanctuary for 2020. JPMorgan has discovered that young investors are sticking with Bitcoin (BTC), but what about the remainder?
This week per notice has been printed by JPMorgam, which Bloomberg had access to, in which it had been established that retail traders are split in half based on creation.
Yes it is. Critics have discovered that elderly, innovative investors have leaned towards golden , while so-called ‘millennials’ have decided to flock to Bitcoin.
Certainlythis finding is interesting, since it shows a significant divergence in the preferences of each of the generations.
As we noted earlier in CryptoTrend, in the BTC vs. Oro there is not one that is necessarily, and strictly, better than the other. Each one has advantages and disadvantages, highlighting that in the end it is the investor who decides according to his preferences.
“Older cohorts prefer gold while younger cohorts prefer bitcoin,” wrote the team of analysts led by Nikolaos Panigirtzoglou.
However, the pattern of preferences between generations not only diverges in terms of the Bitcoin vs. Gold.
JPMorgan found that millennials prefer stocks, particularly tech. Meanwhile, older investors have resolved to sell their shares.
“The oldest cohorts continued to deploy their excess liquidity in bond funds, whose purchase remained strong during June and July,” they noted.
Bitcoin and its price rise
The recent recovery of BTC, and its uptrend, could be a major boost that led young people to trust the cryptocurrency again.
However, gold has not been left behind after it broke its all-time high.
Obviously, investors have been forced to resort to alternative means, such as Bitcoin or gold, as a result of the economic stimulus packages announced by the governments of power countries.
The momentum is born as a result of concerns about possible inflation. So many investors have seen Bitcoin as the perfect solution to the problem because it is the opposite.
However, although there may be a pattern of preferences, in the crypto community we have observed how increasingly larger investors have decided to join after a growing interest in cryptocurrencies.
In fact, in early July, the Mode app found that it had been seeing substantial increases at Bitcoin purchases from Boomers and Gen X users.
So, although JPMorgan was able to find a pattern of preference among investors of each generation, Bitcoin opens its own doors to all shareholders and an increasing number of people expect the cryptocurrency.