State Of Bitcoin: Investor Demographics Shift Will Push Up The Bitcoin Price

in #bitcoin4 years ago

Source credit: Stack Funds
Antonio Madeira reports in Cointelegraph that a shift in investor demographics will help push the bitcoin price up, citing data from Coindance that 50% of Bitcoin investors are millennials.

“As the millennial generation enters into the peak age of investment maturity, we believe this tech-savvy group would propel the significant shift in investor demographics, in turn, increases the propensity of bitcoin investments.”

At the same time, institutional investing is also increasing.

While younger investors are interested in socially responsible projects and will continue to invest in cryptocurrencies as cryptos address these social issues.

"Along with their greater aptitude for technology, millennials also display an increased concern around social issues like discrimination, climate change, and possibly financial inclusion that may soon become one of their points of focus.

Given the potential of cryptocurrency to address many of the issues millennials find problematic with the current financial industry, investing in Bitcoin as a new asset class ticks all the right boxes."

Will all these factors come together and push the price of Bitcoin up in the near future?

Source credit: https://cointelegraph.com/news/data-suggests-bitcoin-price-will-rise-as-investor-demographics-shift

Grab your free Tamil Charity Coin by joining the Tamil Charity Coin Community in Hive:

https://peakd.com/hive-167922/@successforall/relaunching-tamil-charity-coin-with-hive-engine-on-hive

Poor Man's Bitcoin - Why I use Crypto Tab Browser As My Free Bitcoin Mining Pool?

https://peakd.com/hive-167922/@successforall/poor-man-s-bitcoin-why-i-use-crypto-tab-browser-as-my-free-bitcoin-mining-pool

Poor Man's Bitcoin - Building Your Own Bitcoin Mining Pool For Free:

https://peakd.com/hive-167922/@successforall/poor-man-s-bitcoin-building-your-own-bitcoin-mining-pool-for-free

Zero Carbon Project - An Eco-Friendly Crypto & Blockchain Use Case - A Way To Reduce Your Electricity Bill:

https://peakd.com/hive-167922/@successforall/zero-carbon-project-an-eco-friendly-crypto-and-blockchain-use-case-a-way-to-reduce-your-electricity-bill

Sort:  
UpvoteBank
Your upvote bank
__2.jpgThis post have been upvoted by the @UpvoteBank service. Want to know more and receive "free" upvotes click here