• About
  • Advertise
  • Contact
Cryptopolitan
  • Home
  • News
    • Bitcoin
    • Binance
    • Ripple
    • Ethereum
    • Cardano
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Cardano Price
    • Binance Coin Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
  • Home
  • News
    • Bitcoin
    • Binance
    • Ripple
    • Ethereum
    • Cardano
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Cardano Price
    • Binance Coin Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
No Result
View All Result
Home News Bitcoin News

Gold or Bitcoin debate splits young and old investors

Young prefer Bitcoin while the old investors want to buy gold

Gurpreet Thind by Gurpreet Thind
August 7, 2020
in Bitcoin News
2 min read
Gold or Bitcoin debate splits young and old investors
585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter

Gold or Bitcoin debate seems to be getting hotter. A JP Morgan study has revealed that young people are buying Bitcoin while the old guard is lining up to buy gold to ward off any economic downturn. The phenomenon once again highlights the chasm between the old and young investors who take different paths in their quest to achieve economic prosperity.

Interestingly, neither can be accused of making a foolish decision since both gold and Bitcoin have done exceedingly well in these pandemic-ridden times. Bitcoin has touched $11,700 this year, and gold also crossed $2,000 per ounce. These are remarkable returns yearly and highlight the safe-haven potential of both the assets. So, gold or Bitcoin debate is a confusing choice.

Gold or Bitcoin? Now, it depends on your age

The JP Morgan statement mentions that the ‘gold or Bitcoin’ investment camps differ from each other on a wide variety of investment instruments. The alternative currencies aren’t everyone’s cup of tea, especially the older investors who still include gold as part of their long-term portfolio.

RelatedPosts

Institutional adoption to push Bitcoin price to 400k – Bloomberg analyst

Bitcoin price prediction: Bitcoin Breaks $60,000 resistance and retraces, prepares for another move higher

Bitcoin demand: BTC approaches $70,000 amid increased adoption

Kraken predict Bitcoin price next surge is to $90,000

Considering the current circumstances, the younger people seem justified when they put their trust in cryptocurrency, particularly Bitcoin. The rapid digitization in finance, falling confidence in fiat currency, and flailing economies make a strong case for Bitcoin. It is also easier to move around compared to physical gold assets.

Gold, on the other hand, has proven its worth over hundreds of years as a safe-haven asset. It is more established and centuries of data to back its credentials. The precious metal has been the choice of elites for centuries now. Whether it is the 1850s Gold Rush or the spiritual value, people have always preferred to accumulate gold in any form. It is the ultimate gift you can give to your future generations.

Gold or Bitcoin debate has no end, at least for now

Bitcoin may be new, but it has gone through significant upheavals in recent times and came out relatively unscathed. It has performed well compared to other highly volatile cryptocurrencies, which have lost their value merely in a few years of existence.

Bitcoin entered the financial scene in 2008 as the Great Recession engulfed world economies. Young people felt powerful, believing there can be a digital currency far from the control of centralized financial power centers. The hard economic times further strengthened their resolve to maintain their financial privacy through cryptocurrencies. Bitcoin is their hope against the highly centralized financial machine that controls the financial destiny of the masses.

Young people prefer Bitcoin as they don’t have any faith in banks. To them, Bitcoin is a tool that promises financial independence, wealth, and privacy all in one. Additionally, both groups don’t share similar views on stocks either. Younger people are lapping up stocks like never before, while the older generation is busy selling the equities.

Tags: gold
Gurpreet Thind

Gurpreet Thind

Gurpreet Thind is pursuing Masters in Electrical Engineering at University of Ottawa. His scholarly interests include IT, computer languages and cryptocurrencies. With a special interest in blockchain powered architectures, he seeks to explore the societal impact of digital currencies as finance of the future. He is passionate about learning new languages, cultures and social media.

Related Posts

Bitcoin
Bitcoin News

Institutional adoption to push Bitcoin price to 400k – Bloomberg analyst

April 11, 2021
Bitcoin Price Prediction 2021-04-11
Bitcoin News

Bitcoin price prediction: Bitcoin Breaks $60,000 resistance and retraces, prepares for another move higher

April 11, 2021
Bitcoin demand
Bitcoin News

Bitcoin demand: BTC approaches $70,000 amid increased adoption

April 11, 2021
Kraken
Exchange News

Kraken predict Bitcoin price next surge is to $90,000

April 10, 2021
Bitcoin Price Prediction BTC all set to conquer $65k next week
Bitcoin News

Bitcoin Price Prediction: BTC all set to conquer $65k next week

April 10, 2021
Bitcoin price prediction Bulls build massive momentum as BTCUSD hovers near $58k
Bitcoin News

Bitcoin price prediction: Bulls build massive momentum as BTC/USD hovers near $58k

April 9, 2021

Follow Us

  • 51k Fans
  • 8.3k Followers

Latest News

Crypto

Crypto investments are risky, Sri Lanka warns

April 12, 2021
Weekly Crypto Price Analysis 12th Apr: BTC, ETH, BNB, SUSHI, UNI

Weekly Crypto Price Analysis 12th Apr: BTC, ETH, BNB, SUSHI, UNI

April 12, 2021
bitcoin mining

How does Bitcoin Mining Work?

April 12, 2021
Binance coin

Binance coin surges as Nasdaq prepares for Coinbase listing

April 12, 2021
Chainlink Price Prediction 2021-04-12

Chainlink price prediction: Chainlink continues trending higher, preparest to test resistance at $35

April 12, 2021

Signup To The Daily Roundup

Get New Posts By Email:
Privacy Policy

Got a Story tip? Email Contact@Cryptopolitan.com

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker
Sitemap

Exclusive Partners of

Footer 1

Got a Story tip? Email Contact@Cryptopolitan.com

cryptopolitan 1

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Cryptopolitan brings you quality Blockchain and Cryptocurrency news, ICO reviews, crypto technical analysis, and other unique news insiders. We cover Bitcoin news, altcoins news, blockchain projects news, ICO news, regulatory developments and the confluence of news on the leading blockchain technologies.

© 2021 Cryptopolitan. All rights reserved. Terms | Privacy

No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Binance
    • Ripple
    • Ethereum
    • Cardano
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Cardano Price
    • Binance Coin Price
  • Research
  • Scam
  • Events

Copyright © 2020 Cryptopolitan.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.