The older generation buys gold, the younger – bitcoin

The behavior of retail investors during a pandemic varies greatly depending on age groups – writes Bloomberg, citing data from investment bank JPMorgan.

Investors are usually interested in alternative assets, but – if the older generation buys gold, then the younger – bitcoin.

According to JPMorgan strategist Nikolaos Panigirtzoglou – milenians prefer shares (especially shares of technology companies), while representatives of the older generation sell them.

“Older age groups continue to invest excess liquidity in bond funds, whose purchases remained high both in June and also in July,” strategists 4 stated. August article.

According to them-over the past five months, the gold and bitcoin markets have seen a strong influx of funds, as old and new investors see them as “alternative” currencies. The Bloomberg US dollar index for the same period fell by about 1.7%.