Millennial Generation Investors Prefer Bitcoin Over Gold

[KenCryptos]

Found this article which says that Millennial generation investors prefer Bitcoin over Gold:

cutive-says-millennial-generation-investors-prefer-bitcoin-over-gold]Article

I am not a millennial, I do have Bitcoin and no Gold.

[1715056489]

1715056489

[blckhawk]

Found this article which says that Millennial generation investors prefer Bitcoin over Gold:

cutive-says-millennial-generation-investors-prefer-bitcoin-over-gold]Article

I am not a millennial, I do have Bitcoin and no Gold.

I've visited the link you provided but unfortunately, it is broken. Anyway, I think the reason behind it is that Millenials are mostly into using the internet, they exposed online so it is easy for them to access Bitcoin and other crypto compared to Gold. Another hypothesis is that because Millenials are love to take the risk no matter how big it is, knowing the Crypto market has an undeniably high risk ahead of it.

[noorammak]

Yes. Bitcoin seems to be more interesting and easy to store than gold, and of course more profitable and volatile. It gets everyone excited, especially derivatives traders. I have been losing money for many years but I would still choose Bitcoin over gold.

[ethereumhunter]

I don't know if that is right or not, but based on what I saw, the millennial generation does not think about bitcoin or gold, but they think about how their future will be because we still at the pandemic. Instead, rather than think of bitcoin or gold, they were having difficulty going to university or search for the job because that is what they need now to survive. Maybe that is for the millennial generation who doesn't have much money, so they need to make money. But for the other millennial generation, they can choose bitcoin or gold.

But I hope that news is right that bitcoin can open their eyes and mind to see the opportunity to make a profit in the future from bitcoin. But they have a choice to invest in both bitcoin and gold.

[glowing10]

I have seen many people in millennial generation preferring the bitcoin and for them gold has no purpose as such other than just keeping it in the safeguards. Also, the utility of gold is not much unless you are making it jewellery and making use by wearing them. Bitcoin as compared to them can be used for transaction, returns as such seems to be better than gold and easy to store.

[BITCOIN4X]

I've visited the link you provided but unfortunately, it is broken.

Make sure you check the url that everyone has shared before you leave. This is the reason why many people say that not all site shared in a post are safe site. Always check and be alert for safety.

Code:

[url=http://https[Suspicious link removed]cutive-says-millennial-generation-investors-prefer-bitcoin-over-gold]Article [/url]

Anyway, I think the reason behind it is that Millenials are mostly into using the internet, they exposed online so it is easy for them to access Bitcoin and other crypto compared to Gold. Another hypothesis is that because Millenials are love to take the risk no matter how big it is, knowing the Crypto market has an undeniably high risk ahead of it.

Theres a reason behind all the millennial frenzy for the asset they want to invest in. Bitcoin is one of the phenomena in the last 1 decade, it change thing in a different way than before. Transaction, usability, convenience and price are what bitcoin has. As an accepted payment system and transparency is what makes it superior.

The limited number of bitcoin and the high demand have made it a high-value asset, the volatility poses a risk, but can also benefit anyone in between. Big risk are a consequence of high expectation, big profit and so on. The price of bitcoin can change from time to time and so on, so your economic status will also change if you enter and invest in it before 2017 until now.

[bitsurfer2014]

Aside from having at least basic knowledge on today's technologies, I think millennials may find it easy and more convenient to invest in Bitcoin because of its extreme volatility which is very attractive especially on its very remarkable growth for the past ten years.

Meanwhile, if you invest in gold, the easiest way to do it is to buy the "physical asset" which could be also scary security-wise because it could be stolen anytime if you didn't store it safely, the other methods would be to buy shares of gold ETF or buying gold futures from commodities market which is less accessible to ordinary individuals.

[achach]

No wonder, because digital technologies have become a part of our lives. No one dreams of gold anymore, everyone dreams of money. And how to get money with a minimum start-up capital? That's right, you need to trade cryptocurrencies.

[plvbob0070]

We probably have an idea on why this generation prefers crypto, it's because of technological advancement and that they can easily adapt to this kind of investment. And for me, it's easier to acquire or make an investment with bitcoin than gold. Personally, I only have an investment in crypto but I don't have with gold. It's kinda same with others since the older generation tends to be more reluctant about investing in crypto.

[buwaytress]

We all talking about them millenials but I wonder if most people on this forum are actually millenials? I mean I was born on the very tail end of Generation X and I know I am older than most people meet from "this space", or are they really all just interested in buying Bitcoin and leaving us Xers and Boomers to be the one doing discussions here? Haha.

How many of you were born between 1981 and 2000? You're a millennial!

[pawanjain]

It's because more number of people are getting aware of the situation as each day is passed.
Governments printing fiat in huge amounts and thefts/crimes related to gold are increasing every year.
Bitcoin on the other hand is being more stable every year and the demand for it has been increasing rapidly on yearly basis.
There are many other reasons but these are the main reason why this generation is more into crypto than gold.
This is just my perspective and not on proven facts.

[Taskford]

Found this article which says that Millennial generation investors prefer Bitcoin over Gold:

cutive-says-millennial-generation-investors-prefer-bitcoin-over-gold]Article

I am not a millennial, I do have Bitcoin and no Gold.

We cannot say that really happening globally since as far as I know gold still the safest investment compare to bitcoin and I can actually see it on media sites. Bitcoin is not got a huge adoption compare to gold. I think the one affect the trust of majority is those scams and unpredictable fast volatility which is dangerous since people could lose money for its movement.

But I do hope that all will prefer bitcoin as good investment option since if we can really see it dominate over gold for sure the price will skyrocket and the merchant's acceptance will became huge.

[coolcoinz]

It's normal because young people grew up treating electronic goods as real property. For us electronic money is real money, domains and computer programs are real items with real value, cryptocurrency is a currency. For our parents grandparents it's not. They think that things they cannot touch are less real than things they can touch. The generation gap has never bin as big as it is now.

[dothebeats]

Millennials would surely jump in on this hype. This is something that they can fathom, something they can participate in without much gate keeping and something that is relatively young compared to other markets that they don't have a chance to make huge money with not unless they have the capital to begin with. Gold just have a lot of process associated in acquiring it making it not really that good of a starting investment if one is just exposing himself/herself in the world of investing. You have to sign a lot of papers, do a lot of talking and do a lot of proving in order to get your first score, not unless you are buying it 'underground' but even that has lots of risks associated with it.

I can clearly see the reasoning behind this preference, and I know a lot of people do, too but just aren't really that decided on the concept of bitcoin given its age.

[avikz]

Found this article which says that Millennial generation investors prefer Bitcoin over Gold:

cutive-says-millennial-generation-investors-prefer-bitcoin-over-gold]Article

I am not a millennial, I do have Bitcoin and no Gold.

The link is broken unfortunately. However, I understand the point and totally agree to it. It is possible because millennials are more comfortable with technology stuffs rather than physical stuffs. So it's no wonder that they will prefer bitcoin over gold.

However, personally I prefer both and I am also a millennial. Both are excellent choice for investment but for different reasons. I prefer to buy gold so that it can provide capital protection. I usually don't think of making profit out of Gold's price. But when it comes to bitcoin, it's mainly for profit- both short and long term.

[kryptqnick]

We all talking about them millenials but I wonder if most people on this forum are actually millenials? I mean I was born on the very tail end of Generation X and I know I am older than most people meet from "this space", or are they really all just interested in buying Bitcoin and leaving us Xers and Boomers to be the one doing discussions here? Haha.

How many of you were born between 1981 and 2000? You're a millennial!

I think that millennials must be the majority of Bitcoin and Bitcointalk users, actually (I'm also one of them by the way  ). It's relatively young people, but not too young to remember that 2008 crisis was bad as well as to know the problems of dealing with banks (unfair fees, lots of info to provide, waiting way longer than with BTC for an international transfer). I believe I've also seen some research on Zoomers, and they seem to prefer Bitcoin as well (although it might be too early to say, they're all very young). All that being said, I don't think it's 90% of millennials preferring Bitcoin over gold like the CCN article says because Bitcoin would be way more popular and expensive that it really is.

[ILuckyGuyI]

Found this article which says that Millennial generation investors prefer Bitcoin over Gold:

cutive-says-millennial-generation-investors-prefer-bitcoin-over-gold]Article

I am not a millennial, I do have Bitcoin and no Gold.

By the way, the link is broken. It is not so easy to choose between investing in Bitcoin and gold. I think that millennials prefer Bitcoin because they are living with the internet and technology. They want to use an investment tool that is updated and new. Besides, I don't mean to say that gold is useless. On the contrary, gold is a valuable investment tool as Bitcoin too.

[ChiBitCTy]

Stupid, stupid, stupid, and did I say stupid?  We have got to STOP with this stuff.  First of all, saying that you prefer Bitcoin over Gold just shows your lack of financial savvy.  Bitcoin and Gold are NOT the same thing.  They are two completely different things.  One is a precious metal and the other a digital currency. One is used to jewelry, tv cables, power equipment etc etc, the other is a digital currency.  One is a metal that's been used as a currency for centuries.  The other is a digital currency.  One is a relatively stable hedge asset, the other is a volatile digital currency.  A proper portfolio should be diverse which means if you've got enough money, you should own both assets.

[TedMosby]

I am not surprised about that.
the number of cryptocurrency users in the youth user segment (aged 18-24) has been increased significantly.
especially Nigeria, they are on top. +210.6% in the first quarter of 2020.



https://news.bitcoin.com/countries-growth-cryptocurrency-coinmarketcap/

[20kevin20]

Stupid, stupid, stupid, and did I say stupid?  We have got to STOP with this stuff.  First of all, saying that you prefer Bitcoin over Gold just shows your lack of financial savvy.  Bitcoin and Gold are NOT the same thing.  They are two completely different things.  One is a precious metal and the other a digital currency. One is used to jewelry, tv cables, power equipment etc etc, the other is a digital currency.  One is a metal that's been used as a currency for centuries.  The other is a digital currency.  One is a relatively stable hedge asset, the other is a volatile digital currency.  A proper portfolio should be diverse which means if you've got enough money, you should own both assets.

I'd argue that these two can be compared. Although they're 2 different things, gold can be treated the same way Bitcoin is and vice-versa. You can use gold coins as a currency if they're legal tender.

Gold isn't stable. Bitcoin isn't either. It's just that BTC has much less of a history behind it, so people's view over it changes constantly.


Millennial generations will surely almost always prefer new rather than old stuff. Especially when it comes to technology. Like, why use some boring piece of plastic when you could use your games-filled smartphone instead, right?

Let's be honest here. How often do you hear a young one talk about precious metal investments? How often do they pay for Fortnite in-game currency in comparison to that? Gold is beautiful and all, but here in Romania you're more likely to find a Bitcoin ATM than a precious metal (as in bullion and coins) shop and the millennials are mostly display-obsessed kids.