Bitcoin favored over gold by 77% of younger investors, says deVere Group survey

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Bitcoin favored over gold by 77% of younger investors, says deVere Group survey © Reuters.

In a marked shift from traditional investment norms, a recent survey by the deVere Group reveals that 77% of under-40 clients prefer over gold for wealth creation and preservation. The findings indicate a generational shift towards digital assets, driven by younger generations’ tech-savviness and belief in the future of cryptocurrencies.

The survey participants, who are global clients from various regions, demonstrated a preference for Bitcoin due to its potential for high returns and its role as a hedge against inflation. Despite the inherent volatility of cryptocurrencies, the respondents showed a strong inclination towards Bitcoin, buoyed by its impressive year-to-date value increase of 112.75%, outperforming major indices such as the , Dow Jones, and Nasdaq.

Nigel Green, CEO of the deVere Group, attributes this trend to younger investors’ comfort with digital assets and their view of Bitcoin as a native digital investment option. The surge in online transactions and digital payments underscores the rising significance of digital assets like Bitcoin.

Bitcoin’s fixed supply, capped at 21 million coins, offers protection against fiat currency devaluation, positioning it as an asset for wealth preservation. Its divisibility and ease of international transfer make it a versatile tool for portfolio diversification.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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