Gold and bitcoin are favorite assets of old and young: JPMorgan says - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 51%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Young investors are flooding into bitcoin in the pandemic, while the older generation can't get enough of gold, a team of JPMorgan analysts said

"The two cohorts show divergence in their preference for 'alternative' currencies," a team of analysts led by Nikolaos Panigirtzoglou wrote. "The older cohorts prefer gold while the younger cohorts prefer bitcoin."

Millennials also have a particular fancy for stocks, especially ones in technology, but the older investors are selling equities, the team wrote in a note dated August 4. "The older cohorts continued to deploy their excess liquidity into bond funds, the buying of which remained strong during both June and July," they wrote.MORGAN STANLEY: The government's recession response has the stock market heading for a massive upheaval. Here's your best strategy to capitalize on the shift.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Bitcoin is future. Altcoins.. emmm I'm not too sure 😂

barrysilbert xrpthestandard

barrysilbert 👍 So mid-long term bitcoin will win, as the next generation drives this trend. Besides bitcoin is at ~60% of ATH (Ethereum at ~30%) , while gold is already at ATH, so I think bitcoin / Ethereum will be short term winners too as they offer more upside potential.

barrysilbert imagine when generation z begins to have purchasing power. Those young people are completely digital.

I have a small amount of both. Just to be sure 😅

barrysilbert Guess I'm bipolar

So, whats the future of gold then? Fyggex

barrysilbert ... wait till they get a taste of DeFi and staking on Ethereum

barrysilbert Everyone is flooding into Bitcoin

barrysilbert I’m older and flooding into Bitcoin .... could also be the age related incontinence too 😀

barrysilbert LMFaO DUMP THE CHIBESE PONZI. EaSY SHORT DUMP IT

You can run but you can't hide ⌛

DermoSNR - stick to your gold mate! :0)

Bitcoin is the future fyggex

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

How the Oreo went from knock-off to the world's favorite - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Cambria_Hotels Awesome little history lesson.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Searchable database of Business Insider pitch decks - Business Insider[Thread] Startups convince investors to fund their ideas using pitch decks. Business Insider regularly seeks out and publishes these decks to give readers an inside look at how successful companies persuaded investors to fund them. For the first time, these decks—presentations that combine slideshows with storytelling—have been combined into a single, searchable library that you can explore. 👇
Source: BusinessInsider - 🏆 729. / 51 Read more »

Business Insider webinar: How influencers earn money in pandemic - Business InsiderSIGN UP NOW: Next week we're talking to YouTube and Instagram influencers with millions of followers about how they're adapting their businesses during the pandemic and earning 6-figure incomes
Source: BusinessInsider - 🏆 729. / 51 Read more »

Business Insider's best investing stories of July 2020 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

JCPenney is selling its historic century-old founding store in Wyoming - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »