🧐 Will Bitcoin be “real estate” for Millennials and Generation Z?
For Millennials (born between 1980 and 1995), Bitcoin could become the “real estate” of our generation. In the past, that is, in our father's generation, many people achieved a dramatic increase in wealth by investing in real estate.
However, today in 2024, the chances of real estate increasing tenfold or a hundredfold again have become very slim.
Therefore, the author believes that for Millennials and Generation Z (born 1995-2009), Bitcoin may become our new choice.
At the same time, Bitcoin is still a thing that has not yet been fully popularized, and most people do not realize its true value. Therefore, the view is that even if you enter at the current price of about $60,000, in the long run, Bitcoin may still easily bring returns several times, dozens of times, or even dozens or hundreds of times.
The article report also noted that there are significant differences in the proportion of cryptocurrency holdings in investment portfolios between different age groups. Those aged 21 to 43 have an average of 14% of their portfolio in cryptocurrencies, while those over 44 have only increased their holdings by 1%. At the same time, as the value of cryptocurrencies continues to grow, this proportion of millennials and Gen Z is expected to continue to rise.
Additionally, investors of different age groups hold Bitcoin for different periods of time. The average holding times for Baby Boomers (born between 1946 and 1964) and Gen month, Gen Z was 9.1 months. This statistic seems to indicate that as age increases, investors tend to favor longer-term holding strategies.
Therefore, there is reason to believe that many millionaires and even billionaires may be born in the future in the field of Bitcoin and cryptocurrency. As an investor, the key is to look beyond the horizon and focus on the next five to 10 years or even longer.
If you only focus on short-term gains, it will be difficult to achieve leapfrog growth in wealth during investment. Therefore, for investors who hope to obtain significant returns in the cryptocurrency market, calm analysis and long-term holding must be a wise decision!
