"Investors aged under 37 are twice as likely to trade cryptocurrencies as stocks
Bitcoin has fallen sharply from an all-time high, hitting younger investors – who are twice as likely to buy cryptocurrencies as stocks – the hardest.
After hitting a peak of more than $63,000 (£46,000) per coin earlier this month, the price of Bitcoin has fallen by a fifth, trading at $53,000 on Monday.
That slump has hit younger investors who have been the most enthusiastic backers of cryptocurrencies. According to research from Charles Schwab, a stock broker, 51pc investors aged under 37 trade cryptocurrencies while just 25pc buy stocks. By contrast, only 8pc of over-55s have dabbled in digital assets.
On CoinCorner, a Bitcoin broker, 75pc of users are under 44 with 25-34 the most common age group. Just 6pc of its users are over 65.
The survey of 1,000 also found that 70pc of young investors now viewed cryptocurrency as a good investment option, with one in three buying more this year compared with just 10pc who were selling."
https://www.telegraph.co.uk/investin...itcoins-slump/
Bitcoin has fallen sharply from an all-time high, hitting younger investors – who are twice as likely to buy cryptocurrencies as stocks – the hardest.
After hitting a peak of more than $63,000 (£46,000) per coin earlier this month, the price of Bitcoin has fallen by a fifth, trading at $53,000 on Monday.
That slump has hit younger investors who have been the most enthusiastic backers of cryptocurrencies. According to research from Charles Schwab, a stock broker, 51pc investors aged under 37 trade cryptocurrencies while just 25pc buy stocks. By contrast, only 8pc of over-55s have dabbled in digital assets.
On CoinCorner, a Bitcoin broker, 75pc of users are under 44 with 25-34 the most common age group. Just 6pc of its users are over 65.
The survey of 1,000 also found that 70pc of young investors now viewed cryptocurrency as a good investment option, with one in three buying more this year compared with just 10pc who were selling."
https://www.telegraph.co.uk/investin...itcoins-slump/
To be fair, he's only been investing for a year and his portfolio is only about £10K - short term fluctulation. It'll be recovered.
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