Bitcoin – New Gold for Millennials?
Is Bitcoin the new gold for millennials? Wharton School finance professor Jeremy Siegel believes just that and I’d agree but add that it is much, much more – and not just to or for millennials
Bitcoin is new gold for millennials, Wharton finance professor says
“Gold’s performance was ‘disappointing’ in 2021, Wharton School finance professor Jeremy Siegel said in a CNBC Squawk Box interview on Friday.
On the other hand, BTC has been increasingly emerging as an inflation hedge among younger investors, Siegel argued:
‘Let’s face the fact, I think Bitcoin as an inflation hedge in the minds of many of the younger investors has replaced gold. Digital coins are the new gold for the Millennials. I think that the story of gold is a fact that the young generation is regarding Bitcoin as the substitute.’”