Investing.com | Editing Marianne Paim
Published 08.11.2023 19:23
Investing.com – In a significant shift from traditional investment patterns, a recent survey conducted by deVere Group reveals that 77% of clients under the age of 40 prefer bitcoin to gold for wealth building and preservation. The results indicate a generational shift in favor of digital assets, supported by younger generations’ technological affinity and belief in the future of crypto.
Survey participants, who are customers from various regions of the world, showed a preference for bitcoin, thanks to its potential for returns and role as a hedge against inflation. Despite the volatility inherent to cryptocurrencies, participants demonstrated a strong inclination towards crypto, citing its appreciation since the beginning of the year of 112.75%, surpassing main indices such as the S&P 500, Dow Jones and Nasdaq.
Nigel Green, CEO of deVere Group, attributes this trend to younger investors’ comfort with digital assets and their view of bitcoin as a native digital investment option. The rise of online transactions and digital payments underscores the growing importance of digital assets like bitcoin.
Bitcoin’s fixed supply, limited to 21 million coins, offers protection against the devaluation of fiat currency, positioning it as an asset for wealth preservation. Its divisibility and ease of international transfer make it a versatile tool for portfolio diversification.
This article was written with the support of artificial intelligence and reviewed by an editor. For more information, see our terms and conditions.
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Written by: Investing.com