Millennials Increasingly Prefer Bitcoin to Gold or Real Estate

[cheezcarls]

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.

[avikz]

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.

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!

[The Sceptical Chymist]

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.

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

[Theb]

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.

[bitmover]

. 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.

I think this depends a lot on the country.

In Brazil stocks are much more popular between millennials, the volatility hre is enormous.

In USA the volatility is high as well. Sp500 is facing new all time highs monthly since trump showed up.
Sp500 is an index fo the 500 biggest stocks in USA, and It increased more than 60% since 2016. This is huge .
I am sure millennials are buying it a lot, as millennials are the ones who are working and making money right now.

Ofc bitcoin can increase much more, but it also can make you lose money...

[figmentofmyass]

To all of the millennials here in Bitcointalk, do you also agree that Bitcoin is a much better option than gold or real estate?

bitcoin is a much higher risk / higher reward proposition. nascent and emerging markets always have much more growth potential than established markets. that's because they are more speculative and risky.

so to me, bitcoin isn't better or worse per se. it's just the best play to make if you have limited capital---the most bang for your buck in terms of potential ROI. i'd like to take some of those returns off the table in the next bull market and roll them into more conservative investments like gold and real estate. once you have more capital, it makes sense to diversify into lower risk markets.

[Theb]

. 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.

I think this depends a lot on the country.

In Brazil stocks are much more popular between millennials, the volatility hre is enormous.

In USA the volatility is high as well. Sp500 is facing new all time highs monthly since trump showed up.
Sp500 is an index fo the 500 biggest stocks in USA, and It increased more than 60% since 2016. This is huge .
I am sure millennials are buying it a lot, as millennials are the ones who are working and making money right now.

Ofc bitcoin can increase much more, but it also can make you lose money...

I'm not completely saying that Bitcoin or cryptocurrencies is the only thing that millennials are going for but in reality they want what's best for their money and that is fast moving assets that their pockets could handle so you will immediately eliminate assets such as real estate, and precious metals since both are harder to obtain and has a steep price aside from that they aren't the "fast movers" they are looking for. So we are really left out on assets we could buy with our salary such as stocks, forex, and cryptocurrencies (I left out mutual funds since this isn't really where your money want to go to). So it's really up to you as a millennial on where your want your money to grow. It doesn't matter whether or not you are on a developed country or in a developing country since each person has it's own preference on where they want to invest.

[Charles Norwood]

Millennials are a very stupid generation who are drowning in debt and have no life skills. Bitcoin will collapse in the coming recession and wipe them out even further.

[Kyraishi]

I think this is stupid to be fair. A lot of millennials are too invested in the short term, and the price mania in 2017 was a pretty good example of why, and to a certain extent, if you are young and have money to risk, it's worth it!

Although, I'm personally someone who believes that if you are smart enough to invest in the correct buildings, real estate is a very profitable long-term investment since it's only really been going up in recent years.

An interesting study nonetheless didn't know BTC, was THIS popular around millenniums.

[hatshepsut93]

Millenials don't have money to invest in real estate, lol. And they don't have time to wait for returns from gold. So, yoloing with stocks and crypto is a pretty logical thing to do in this situation. Just don't mortgage your house only to panic sell at a loss later, and don't go all in on a single asset.

Millennials are a very stupid generation who are drowning in debt and have no life skills. Bitcoin will collapse in the coming recession and wipe them out even further.

ok boomer

[Velkro]

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.

There is no maintance cost to HODLING bitcoin while there is huge in real estate.
Real estate is paying upkeep fee/rent/whatever there is, its a cost you need to take.
Gold is either physical so you really got gold, which creates huge problem in storage, security of storage which is addiotional upkeep fee or you have "digital gold" so some paper that some company tell you they hold it for you which could be lie or not true at all. No upkeep cost, but huge risk.
In Bitcoin you can have it on pendrive with no upkeep cost if you know anything about security at all. No wonder its best from all 3 propositions.

[Wintersoldier]

I think this is stupid to be fair. A lot of millennials are too invested in the short term, and the price mania in 2017 was a pretty good example of why, and to a certain extent, if you are young and have money to risk, it's worth it!

Although, I'm personally someone who believes that if you are smart enough to invest in the correct buildings, real estate is a very profitable long-term investment since it's only really been going up in recent years.

An interesting study nonetheless didn't know BTC, was THIS popular around millenniums.

And technically bitcoin and cryptocurrency is the most accessible form of investment for the millennials, we can say that because millennials do not have many funds to invest in a real estate, or not really have a safe place to store Gold, it is the cryptocurrency that opens up a lot of opportunities to them, such as providing own bank accounts, promised price increase because of the bitcoin infrastructure (halving and more), and trading opportunities that can provide huge profits.

[KingScorpio]

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.

with the migration crisis the useless government is causing i wouldn't wonder.

[HardFacts]

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.

Real Estate is in a Bubble.  Bitcoin is also in a Bubble.   I would sell Millenials as much Real Estate and Bitcoin as they desire, and let them fund my retirement  

[Oasisman]

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.

Finding markets for real estates isn't tough. I have once a real estate agent and I can always find clients which I can say very interested by just looking at their expressions.
With the continued expansion of residential area in my developing city, I disagree with the OP's view as Bitcoin a better investment than real estate. Sure Bitcoin can make someone rich in the long run, but so does real estate which has much lesser risk than Bitcoin.
Real estate cannot be stolen from you, thats one example of risk Bitcoin has.

[Sadlife]

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

what do you mean reliable in Long term investments?there is also a risk on both real estate because we are not sure if the value will continuously grow specially when calamity takes place.in gold yeah there is assurance but so much small profit even in how long .

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.

i am not millenials but i totally agree  on this mate,because we have seen already the first 10 years of bitcoin and how much have this become,so what more in the next 5-10 years?

[Eclipse26]

I don't really agree that bitcoin is much better than gold and real estate. Because both have value, the difference is gold and real estate are stable which is good for long time investments. Though the buildings depreciate, but the lands don't... While in bitcoin, we're still unsure about it in the future depending on its performance and the government. Both of them have their own advantages which may be good based on an individual perspective.

[blckhawk]

At this point in time, I still cannot say that Bitcoin is a better form of investment than gold, and especially real estate. For me though, real estate is by far the best since the population grows over time, and land spaces are getting scarce more and more each year. It's not the best in terms of time it gets to have profit, and it's difficult liquidity, but in terms of long-term investment, it's much safer than relying kn Bitcoin's speculative factor.

[aardvark15]

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.

Millennials are going to grow up in a world where Bitcoin is making a name for itself so it does make sense that they see more value in it than older generations that may be slow to accept it.  Older generations are used to a world where precious metals are a safe haven for their finances in hard times.

[hello_good_sir]

Young people have more financial freedom and are more likely to invest in riskier investments, so they don't have the same line of thinking compared to other people who have children and other financial responsibilities.

Also, it's new technology, and a lot of young people are very interested in the newest technologies, whether it's new jobs, investments, or entertainment.

Millennials are a very stupid generation who are drowning in debt and have no life skills. Bitcoin will collapse in the coming recession and wipe them out even further.

Ah!! You stupid younglings, get off me lawn!!