{"id":26879,"date":"2020-08-05T12:00:08","date_gmt":"2020-08-05T09:00:08","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=26879"},"modified":"2025-08-26T17:15:52","modified_gmt":"2025-08-26T14:15:52","slug":"jpmorgan-millennials-pick-bitcoin","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/jpmorgan-millennials-pick-bitcoin\/","title":{"rendered":"JPMorgan: Millennials Pick Bitcoin"},"content":{"rendered":"<p>During the COVID-19 pandemic, investors are seeking alternative assets. The older generation largely prefers gold, while millennials prefer Bitcoin. JPMorgan Chase analysts reached that conclusion, according to <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-08-05\/older-investors-go-for-gold-younger-ones-bitcoin-jpmorgan-says\" target=\"_blank\" rel=\"noopener noreferrer\">Bloomberg<\/a>.<!--more--><\/p>\n<p>Gold and Bitcoin have been drawing substantial cash inflows over the past five months, notes the firm&#8217;s strategist Nikolaos Panigirtzoglou. This interest has shown up in asset valuations.<\/p>\n<p>Stock indices have risen 46% since the March sell-off, while gold has added 30% since the start of the year. Bitcoin to date <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-tests-12000-then-slides\">has risen<\/a> 133% since mid-March.<\/p>\n<p>Panigirtzoglou added that millennials also invest in equities, favouring technology companies. The older generation, by contrast, sells securities.<\/p>\n<p>Earlier Grayscale Investments managing director Michael Sonnenshein stated that part of the $68 trillion of investment capital that will pass between generations in the coming years will inevitably be invested in Bitcoin.<\/p>\n<p>In June the legendary trader and technical analyst Peter Brandt advised millennials to invest 10% of their disposable funds in BTC.<\/p>\n<p>Subsequently Tokenist analysts conducted a study showing that 51% of millennials trust Bitcoin more than leading banks.<\/p>\n<p>Subscribe to ForkLog news on <a href=\"https:\/\/twitter.com\/ForkLog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Twitter<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>During the COVID-19 pandemic, investors are seeking alternative assets. The older generation largely prefers gold, while millennials prefer Bitcoin. JPMorgan Chase analysts reached that conclusion, according to Bloomberg.<\/p>\n","protected":false},"author":1,"featured_media":26880,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[229,167],"class_list":["post-26879","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-jpmorgan","tag-research"],"aioseo_notices":[],"amp_enabled":true,"views":"24","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/26879","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=26879"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/26879\/revisions"}],"predecessor-version":[{"id":26881,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/26879\/revisions\/26881"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/26880"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=26879"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=26879"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=26879"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}