Millennials increasingly invest more in Bitcoin

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Bitcoin is already more popular than companies like Microsoft, Netflix or Alibaba. The Millennials (18-35 years) prefer invest in Bitcoin than in some of the most popular companies in the world. These data are part of the last report of the investment manager Charles Schwab.

Grayscale Bitcoin Trust (GBTC), which is an investment product in Bitcoin, represents 1,84% of the assets managed by Charles Schwab, above the largest companies in the world. The same does not happen with Gen X and with the Baby Boomers, generations where Bitcoin does not yet enter the Top of the investment options.

Source: Charles Schwab

These data show that Millennials increasingly prefer to invest in Bitcoin compared to other assets. Another example of that is that, in a interview with BloombergNate Geraci, President of ETF Store, a company specialized in financial consulting, revealed that 90% of Millennials They prefer to invest in Bitcoin than in gold.

With the growing popularity of cryptocurrencies, a market that is already worth more than 200 billion dollars, it is natural for many to see the potential of this industry to make investments. Recently, billionaire Tim Draper defended that invest in cryptocurrencies it is increasingly important for Millennials.

En FOX Business interviewWhen asked about what the investment solution would be for newer generations, he argued that Bitcoin and cryptocurrencies are an opportunity for the newest to start building an "empire on a new model," as opposed to the current banking system, which Consider it "outdated."

It is not surprising that this is the case, since the popularity of issues related to decentralization is growing. The blockchain was recently pointed out as the most requested competition on LinkedIn and one of the biggest trends for 2020. At the same time, we know that newer ones are increasingly preferring solutions related to digital money.

Source: Circle

The payment revolution has already begun and will be led by the newest. The choice has already been made. According to multiple statistics, preferences increasingly point to digital money. And, at a time when the traditional financial system also seeks to accompany this career, they are the new Fintech those that take sides and conquer a space that traditional banks will have difficulty recovering. If the investment preferences of the newest serve as a barometer for what is to come, then the conclusions are in sight.

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