"There is a generational shift in how individuals are approaching investing.
We strongly believe that investments in gold will be reallocated to bitcoin as Baby Boomers begin transferring their wealth to a younger generation of investors, one that wasn’t raised on the gold standard."
Barry Silbert, founder and CEO of Digital Currency Group and its subsidiary Grayscale Investments.
[not a typo]
Bitcoin crossed the $100 billion market cap today. (Again).
This ad from Greyscale Investments is a great endorsement (and maybe it has something to do with it?)
While I think Gold is still a good investment - for me personally, and also for many of the younger generations who practice minimalism and prefer a mobile life style, gold is just a bit inconvenient. It's simply not portable enough and "weighs heavily" - exactly like the ad describes.
Also, in a world that's becoming more and more "non-physical" - aka digital - physical things are just not valued as much anymore, as previously, when it was important to collect "stuff".
And - as the article says - anyone from Generation X and younger grew up in a world where money was not tied to the gold standard anymore.
Digital Godl?
Bitcoin is the digital gold for forward thinking investors, according to Greyscale in this Forbes article.
I agree with this sentiment completely. My only question is,
Why should I pay an asset management firm for doing my crypto investing for me, when I can do it myself? 🤔
About the author:
Anja Schuetz helps absolute beginners to become confident crypto investors. She also consults as a Customer Communication & Operations Manager for blockchain start-ups.
Anja offers a Free Bitcoin Beginner's Course when you sign up to her Conscious Crypto Museletter here: http://anjaschuetz.net and has also written a Beginner's Guide to Steemit
