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Money Older investors are betting on gold, younger ones on Bitcoin: JPMorgan

12:17  05 august  2020
12:17  05 august  2020 Source:   bunte.de

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 Bitcoin scams: the Paris prosecutor's office requests a trial for Alexander Vinnik This Russian is suspected of extortion and money laundering on a bitcoin exchange platform. Washington and Moscow are also demanding a criminal trial. © afp.com/Philippe LOPEZ The Paris prosecutor's office has demanded a criminal trial against Alexander Vinnik, a Russian suspected of extortion and money laundering.

Investors generally are interested in alternative assets but older ones are buying gold while younger ones like Bitcoin , strategists led by Nikolaos Panigirtzoglou said. Millennials are embracing stocks, particularly technology shares, whereas older individuals are selling equities, they said.

Find the latest JP Morgan Chase & Co. (JPM) stock quote, history, news and other vital information to help you with your stock trading and investing . Economists at JPMorgan Chase & Co. estimate that the June GDP is over five percentage points larger than the average in April, May, and June.

(Bloomberg) - The behavior of private investors during the pandemic varies considerably depending on the age group, says JPMorgan Chase & Co.

Investors are generally interested in alternative investments, but older ones Investors buy gold, while younger people prefer Bitcoin, strategists around Nikolaos Panigirtzoglou report. Millennials focus on stocks, particularly technology stocks, while older people sell stocks, they explain.

"The older generations continue to put their excess liquidity in pension funds, the acquisition of which remained strong in both June and July," wrote the strategists in a note on August 4, in which investment flows were analyzed.

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 Wozniak sued Youtube: Images and videos misused for Bitcoin scams © dpa Steve "Woz" Wozniak. Apple co-founder Steve Wozniak is suing Youtube because the video platform is doing too little against Bitcoin fraud. Steve Wozniak is suffering from some Bitcoin scams. Repeatedly, Bitcoin scammers have illegally used images and videos of him in their promotional videos. As the co-founder of Apple and developer of the Apple I and Apple II computers, Steve Wozniak has a legendary reputation in some nerd and hacker communities.

JPMorgan Chase said Monday it is launching a blockchain-based system with two other banks to reduce global payment transaction speeds "from On Friday, JPMorgan Chairman and CEO Jamie Dimon said he sees potential in blockchain, but said "if you're stupid enough to buy [ bitcoin ], you'll

Investors are betting events in the next several weeks will bring further gains for bitcoin . One upgrade, called SegWit2x, intends to increase bitcoin transactions speeds. The original bitcoin will still trade after the splits, and investors in the digital currency at the time of a split should receive an

Private investor demand this year is reflected in the 46% increase in global equity prices from March lows, the increase in global gold-backed exchange-traded funds and the latest cryptocurrency rallies. The presence of amateur traders is also evident in all sorts of other areas, from exuberant options trading to lower volatility - with their stock selection and market timing performing fairly well compared to institutional investors.

Bitcoin's correlation with gold has surged © Bloomberg Bitcoin's correlation with gold has surged

Gold and Bitcoin ETFs have had strong inflows in the past five months, as both old and young people see arguments for an "alternative" currency, the strategists wrote. The Bloomberg Dollar Spot Index fell about 1.7% over the same period, fueling a debate over whether a longer period of dollar weakness is imminent.

Original title of the article:

Older Investors Go for Gold, Younger Ones Bitcoin, JPMorgan Says

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Gold on record drive - should this be why equity investors worry? .
Gold and stock prices usually go in different directions. But during the Corona crisis, things are going up steeply for both. What does this mean for equity investors? © Provided by Finanz.net GmbH DANIEL ROLAND / AFP / Getty Images • Rally in gold and stocks at the same time is rare • Corona aid measures support both • Dollar weakness also helps Gold enjoys the reputation of being a "safer Port "to be.

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