Kaiko, a leading cryptocurrency market data analytics firm, has found that cryptocurrency users in Latin America prefer stablecoins over bitcoin. In its most recent Latam market report, issued in June, Kaiko determined that 40% of the trading volumes involved Tether’s USDT. This preference exists even though Bitcoin’s proposition includes protection against the currency debasement processes […]
Bitcoin News
Bank of America: Younger Wealthy Investors Prefer Crypto Over Traditional Investments
Bank of America report shows younger affluent individuals favor crypto and alternative investments, differing from older generations’ traditional focus. “In fact, the most ‘conservative’ group is holding the highest average exposure to crypto,” the bank said. ‘Younger Groups Hold More Crypto and More Alternative Investments’ Bank of America released a report titled “2024 Bank of […]
Bitcoin News
Despite $250 Billion Worth of Transactions, Digital Yuan Users Prefer Physical Cash
Some participants of China’s Central Bank Digital Currency (CBDC) pilot program, specifically state workers paid in digital yuan (e-CNY), are quickly converting their digital currency to physical cash due to concerns over its utility and lack of incentives like interest on savings. Despite China’s advancement towards becoming a cashless society, the digital yuan faces skepticism […]
Bitcoin News
Families Worth up to $100 Million Prefer Algorithmic Cryptocurrencies to Tokens — Study
Families with a net worth of up to 0 million exhibit a strong preference for algorithmic cryptocurrencies over tokens (4.32% versus 0.92%), a new study has found. The study cites statistics indicating that ownership continuity is disrupted in 91% of cases involving a transition from crypto to fiat and vice versa. Traceability of Ownership Continuity […]
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Treasury Official Confirms Crypto Isn’t a Popular Tool for Terrorists — Says They ‘Prefer Traditional Products’
U.S. Department of the Treasury’s Under Secretary Brian E. Nelson has confirmed that terrorists’ use of crypto remains a small fraction of more established mechanisms to move money. He also admitted that “digital assets were not even a popular tool for Hamas or the Palestinian Islamic Jihad” and “Hamas is using crypto in relatively small […]
Bitcoin News
Survey Shows 25% Of US Teens Prefer Cryptocurrency Investment
A new survey shows that teens still receive more persuasion from investing in the stock market, yet, the cryptocurrency sector has become more popular than other alternatives such as real estate.
Researchers tried to probe the perceptions of teens in North America on cryptocurrency industry, the stock market. They also included other investments types in the era of high-octane GameStop.
The research result revealed that the cryptocurrency industry took the lead ahead of other asset classes like real estate. For example, one in four teens prefers cryptocurrency investment if given enough funds than 24% in real estate.
About 43% of the teens maintain that it’s best to invest in the stock market, while up to 37% stick to not investing at all. The survey was jointly conducted by RSM US and Junior Achievement in mid-July this year. They conducted it amidst a small group of over 1,000 teens between 13 to 17 years.
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Among the respondents, 39% who followed the GameStop saga concurred that stock market investment pays better. However, 20% argued that trading stocks are generally too risky. 40% believed that long-term stock investment is more advantageous.
The survey leaders indicated their plan to reinstate the teens’ confidence that stock market investment is the best. In addition, they will change the negative perception the teens had after observing GameStop’s retail investor’s fate instead of hedge funders.
Jack Kosakowski’s Comments On The Survey Cryptocurrency Sector
Jack Kosakowski, the CEO and president of Junior Achievement USA, made his thoughts in his statements. He stated that the survey results show that the present meme stock incident may be affecting the teens’ perceptions.
Also, he added that it could be affecting their perception of what investing in the stock market means. Jack advised that it’s important for them to help demystify the stock market investment to the future generation.
The Stock market investment has played a vital role in helping numerous Americans to gain a secure retirement. RSM and Junior Achievement have tried changing teens’ perceptions by supporting educational programs on the pro-stock market. The programs include a curriculum scheduled to clarify basic investment tenets and simulated stock market ordeals.
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According to the survey result, the group’s major challenge is the belief of 51% of the teens. They have concluded that the stock market is good for ordinary people.
As per the past reports, there is an increasing dependence on speculative investments in many parts of the world. It has become prominent among Millennials that struggle to meet up with suppressed wages. The Millennials also struggle with job insecurity and high prices of real estate.
Featured Image From Pixabay.com
NewsBTC
Okay Boomer: Millennials Prefer Bitcoin To Gold During Crisis
Bitcoin, gold, and other safe-haven assets began pumping this week following news that the United States carried out military drone strikes that killed a high-ranking Iranian official, in fear of a war brewing between the two countries.
However, Bitcoin is now up over 20% year to date, while gold has only surged just 3%, suggesting that millennials prefer a digital store of value over a physical store, much like the precious metal that Baby Boomers have relied on for decades.
Bitcoin Rallies 21% While Gold Grows By Just 3%
During times of economic uncertainty or global turmoil, the price of gold often rises, dubbing it a safe haven asset during times of crisis due to its limited supply. Bitcoin is considered the digital counterpart to gold, and share many of the same attributes such as overall scarcity.
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Gold has been in favor for much of human existence. The precious metal was among the earliest forms of currency, earliest forms of tradable assets, and even today is regularly traded across financial markets. Because of its longevity and familiarity – everyone knows what gold is and what its used for, and even understand its value – it’s a favorite amongst Baby Boomers.
Bitcoin, however, is relatively new, unheard of, and very much still misunderstood by the general public. While they may have heard of the first-ever cryptocurrency at this point, they’re unlikely to know how to use it, or what its reason is for existing.
It really should come as no surprise that millennials who have watched the old guard mismanage money and grew up alongside the internet prefer Bitcoin over more traditional stores of value.
Percentage Growth Doesn’t Match Capital Inflow, Gold Wins
While the crypto asset often does retrace and wipe out much of its value, it also has a penchant for going on parabolic rallies that have turned even a 0 investment into millions throughout its short, eleven-year history.
Following the events transpiring in Iran and abroad, both gold and Bitcoin rose concurrently, but the leading cryptocurrency has outperformed gold by a factor of 7.
But while this is indeed true, Bitcoin has rallied over 21% while gold brought in just 3%, the amount of capital it took to drive gold up 3% versus BTC 21%, is significantly higher.
Gold market cap ~,500,000,000,000.Bitcoin market cap ~5,000,000,000.
When gold goes up 3%, it adds 5,000,000,000 to its market cap. Yes, that's the whole market cap of Bitcoin.
And that's how gold is going to eat Bitcoin alive in the upcoming gold/Bitcoin bull market.
— Arthur van Pelt – Dragon Industries (@MyLegacyKit) June 26, 2019
Gold’s market cap is in the trillions, while Bitcoin’s is at around 0 billion. Back when Bitcoin’s market cap was 5,000 an economist said it took Bitcoin’s entire market cap to move gold just 3%.
So while Bitcoin certainly has outperformed gold in terms of percentage of gain, the amount of money invested into gold easily trumps the BTC market tenfold.
Related Reading | Analyst: Gold Bull Run to Eat Bitcoin Alive, Takes Entire BTC Cap to Move Price 3%
Bitcoin is expected to someday take over gold’s market cap and put the crypto asset’s market cap in the trillions of dollars. Should this happen, with only 21 million BTC, the crypto asset could reach prices well over 0,000 per BTC – which is exactly why millennials prefer Bitcoin over gold. The post appeared first on NewsBTC.
NewsBTC
Rat Poison? Millennial Investors Prefer Bitcoin To Buffett’s Berkshire Hathaway
Bitcoin has in the past been called a Ponzi scheme, a scam, a tool for money laundering and criminal activities, and even has been dubbed rat poison by the Oracle of Omaha himself, Warren Buffett.
But that “rat poison” is a more sought after investment in millennial investors than the Buffett-backed Berkshire Hathaway, and many other top stocks.
Bitcoin Outranks Traditional Stocks In Millennial Investors
Cryptocurrencies like Bitcoin , Ethereum, Ripple, and thousands and thousands more, are an emerging asset class that despite being new, untested, and unproven, are a more appealing investment to millennial investors than many of today’s top-performing stocks.
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According to a new report from brokerage firm Charles Schwab, it shows how the Grayscale Bitcoin Trust from Grayscale Investments stacks up against the likes of Netflix, Walk Disney, Microsoft, and Warren Buffett’s Berkshire Hathaway.
The study surveyed a number of millennials, gen Xers, and baby boomers, and found that of the millennial subset, Grayscale’s Bitcoin Trust received more inflow than Walt Disney, Microsoft, Netflix, Alibaba, and Berkshire Hathaway.
The only traditional stock investments that outshined Bitcoin in millennial investors, were Facebook, Tesla, Apple, and Amazon. Bitcoin was nowhere to be found within the top-ranked investments in gen X or baby boomer groups.
Why BTC And Not Netflix, Microsoft, and Other Traditional Assets?
But why Bitcoin and not less-risky stocks or other traditional investments? Millennials were raised alongside the emergence of the internet, and are far more tech-savvy and open to advancements in technology, allowing them to adapt to changes faster than their older counterparts.
Millennials also watched and witnessed the wealth generated during the dot com boom, but were too young to participate. Many of them refuse to miss out on what may be as revolutionary and disruptive of a technology – potentially even more so.
Lastly, millennials have developed distrust in modern governments and the fiat currencies issued by them. Debt is skyrocketing, and the global economy teeters in the balance being grossly mismanaged by world leaders.
This distrust in governments and power-controlling individuals has caused millennials to lean toward trustless, decentralized technologies that remove the need for a controlling third-party. Bitcoin is this, but for money – which makes the entire world go round.
Related Reading | Logarithmic Growth Curve Charts Bitcoin Price At 0K in 2028
Because Bitcoin has such potential, millennials investors are willing to risk it all on the crypto asset, in hopes of not only becoming rich but ushering in the future of money as we know it. And with Bitcoin price predicted to reach over 0,000 to as much as million per BTC, it could create an entirely new generation of wealth.
Featured image from Shutterstock
The post Rat Poison? Millennial Investors Prefer Bitcoin To Buffett’s Berkshire Hathaway appeared first on NewsBTC.
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