Instead of conventional investments like money, young buyers have greater access to bitcoin funds. According to Morgan Stanley, chief global strategist, Ruchir Sharma, millennials are more interested in Bitcoin.
Sharma observed on September 8 that, unlike the investors who came up in pre-digital days, younger investors prefer Bitcoin to gold. “Generally, I think what’s that telling you is that there is this lingering feeling out there that given what central banks are doing in terms of printing so much money, there is a search for alternative assets. So, I think that these assets could keep doing well,” he stated.
The widely dovetailed strategies of central banks to re-energize the economy in the aftermath of the coronaviral pandemic shape part of the specific population finding bitcoin a more attractive investment than gold.
He still recommends that investors devote 5% of their investments to gold. However, he noted that “if you’re a bit more adventurous — and I guess it’s more to do with demographics — then obviously search for Bitcoin and other cryptocurrencies.”