The latest research by financial consulting firm deVere Group shows that millennials prefer Bitcoin to gold.
Original title: “deVere Bitcoin survey: Two-thirds of millennials prefer “digital gold””
Written by: Tony Spilotro
Compilation: Blockchain Knight
Providing consulting services for more than US$10 billion in client capital, a new survey by deVere Group, the world’s leading financial consulting company, shows that two-thirds of its millennial customers prefer Bitcoin over precious metals as their ideals Of safe-haven assets.
By 2020, as the world is almost completely digitized , millennials will be proven correct. Gold capital flows are pouring into cryptocurrencies, and the return on investment varies greatly. This is why this trend will only continue, because the most important demographic data begins to take over the wealth of the world and subsequently affect future results.
deVere survey: Millennials think it is safer to use BTC
Millennials grew up in the Internet world and witnessed the collapse of the stock market and economy near the Great Recession. In general, this is much more difficult than the Boomer (born from 1946 to 1964) before them.
But because of all these factors, the millennial population has adapted to today’s changes. They are well versed in digital technology, can work remotely and comfortably, can keep in touch with family and friends through social media, etc. They also benefit the most from the changing economic situation, and they are mainly interested in stocks or gold, as well as Bitcoin.
They compared the past . The generation of investors born in the early 1980s to the mid-1990s preferred cryptocurrencies to stocks, but the latest research by the financial consulting firm deVere Group showed that Bitcoin is more popular with them than gold. welcome.
This is not to say that millennials are opposed to gold, but that they see the benefits of digital versions of precious metals being more useful and therefore valuable.
How Bitcoin replaced the world’s oldest gold
For a long time, precious metals have been the “gold standard” of monetary policy. Throughout history, it has been used as currency, safe-haven asset, hedge against inflation, etc. It is even used in the electronic devices required to run Bitcoin and has been worn as a jewelry for a long time. After all, this is a sign of wealth.
But gold also has some shortcomings, which can only be solved by digital gold. Gold is usually forged and confiscated. Bitcoin’s distributed ledger ensures that it cannot be copied or tampered with, and because it exists outside the central authority and cyberspace, it is not within the scope of thieves.
Gold is not easy to store or move, which is critical to the coming digital and decentralized future. A recent example is the Dutch central bank transferred a few tons of gold only a few kilometers away, which cost a fortune to coordinate with the armed convoy to protect monetary instruments such as gold.
Bitcoin will never be exposed, it takes almost no effort to move it, and the mobile plan only costs a small part of the cost.
Therefore, although baby boomers may find it difficult to focus on digital gold, cryptography, and blockchain, the benefit is the favor of millennials. As this age group takes over the labor force and world wealth, their interest in Bitcoin Voting will be the most important.
Source link: bitcoinist.com
