Buying gold has always been on the top list for the one who is going for long term investment. Investing in Gold has always been considered as safe, stable and with good returns. Even at the time of inflation gold rises in its price value.
As per team of strategist led by Nikolaos Panigirtzoglou Older investors go for Gold while younger ones like Bitcoin.
As per the latest comment made by JPMorgan Chase and Co. the behaviour of retail investors has varied significantly across age groups during this pandemic times. The preferences and patterns of investing the funds has tremendously changing. The older generations investments preference in gold is taking a new shape by Younger generation who are indulging in Bitcoin and looking scope of investment in the same.
The changes have fetched strong inflows in Gold and Bitcoin ETF’s past five months. Bitcoin market cap now commands 62 percent of the total crypto market. It is also predicted that Bitcoin would reach a price of $1 million by the end of 2020.
Recent research has revealed a trend where in it has been observed that Young investors prefer to buy individual individual stocks, especially tech stocks. They show little interest in bond funds and also avoid equity funds.
While on the other hand, the old age investors deploy their excess liquidity into bond funds which strengthen the market in June and July.
Furthermore, worldwide retail investors demand in stock has increased to 46% from March onwards.
The market with blend of experience and amature traders is changing the stocks trend with time as the younger generation brining in the smoothed trading with the stock picks choice and trading timings.
The simultaneous flow support has developed more positive correlation between Bitcoin and Gold. With the divergence in the preferences of different age groups, the potential for alternative currencies has a bright future.