A recent survey by deVere notes that investors of 24 to 45 see Bitcoin as a potential for ‘ exponential upside’ over Gold. In the survey, the financial advisory giant surveyed 730 Generation Z and Millennial investors and found that 73% of them prefer BTC over Gold.
Nigel Green, the Chief Executive Officer of deVere, argued that Bitcoin and Gold are not rivals but ‘radically different assets’ and solve differently; he quoted, “ Gold is stability. Bitcoin is growing. If you want to build and protect wealth over the long term, you should be holding both.”
The conducted survey closely favors the finding of a previous survey that found that nowadays Bitcoin is a more preferred investment vehicle than the available traditional options, such as gold and others.
Nigel also said, “ The momentum behind Bitcoin among younger investors is undeniable,” and “ They see it as digital gold – borderless, accessible, and aligned with the future.”
“This generation is right to question the old models. But diversification is timeless. Having uncorrelated assets in your portfolio is how you build true resilience. Gold and Bitcoin together offer that balance,” Green said.
Bitcoin is becoming widely popular among youngsters
The adoption, usage, and knowledge of Bitcoin among investors between 18 to 34 years has grown to a new peak backed by several factors; it is popular because the younger generation is digital natives, comfortable with mobile banking apps, and online platforms.
Many of the youngsters have seen severe financial crises leading to scepticism about banks and centralized institutions; Bitcoin is seen as ‘digital gold’, and many of the youngsters prefer trading over stocks, equity, or gold.
For finance enthusiasts, Bitcoin has become a dream, with some holding BTC worth millions and even billions of dollars. In 2024, 63% of US adults lack confidence in crypto safety, and 40% are worried about platform security.
Bitcoin has gathered massive traction among younger generations because of their tech fluency, distrust of traditional finance, and financial reality.
A quick overview of Bitcoin
As of publishing, Bitcoin is trading at $101,268 with an intraday loss of 1.38% and has lost 5.13% in a week; at the same time, its market capitalization is $2.01 trillion with a loss of 1.32%.
With these most recent declines, Bitcoin is now below its 100 and 200-day exponential moving averages, and at the same time above 20 and 50-day EMAs.
According to the data from TradingView, despite short-term losses, Bitcoin is up by 15.72% in the past three months and more than 55% in the past 52 weeks.
BTC’s market cap remains bullish in the quarterly frame, adding 15.98%, half-yearly grew by 3.19%, YTD 8.85 and 59.00% annually.
