Gramercy Gold Conducted the Telling Survey, which is Detailed in a New Article on their Website
NEW YORK, NY / ACCESSWIRE / December 4, 2017 / The founders of Gramercy Gold, a gold dealer located on Madison Ave. in New York City, have just released an article titled "Millennials are Choosing Bitcoin Over Gold."
To read the new article in its entirety, please check out http://www.gramercygold.com/millennials-choosing-bitcoin-gold/.
As the article notes, a growing number of young adults are deciding to invest in Bitcoin instead of traditional options like gold. In fact, Bitcoin is so popular in this age group, it is often called "gold for millennials."
Prior to writing and posting the new article, the team at Gramercy Gold surveyed 100 American millennials between the ages of 25 and 30, asking them if they thought Bitcoin was a better investment than gold.
"According to the results, the overwhelming majority of respondents made it clear that Bitcoin was their investment of choice in 2018," the new article notes, adding that an impressive 67 percent of respondents said they are more likely to buy Bitcoin than gold in 2018, and 66 percent indicated they are "not likely" to buy gold next year.
In addition, while 76 percent of the respondents think that Bitcoin will either increase in value or maintain its value in 2018, just 54 percent think that gold will do the same.
As for why millennials are more excited about Bitcoin than gold, the article says the Great Recession of 2007 to 2009 plays a key role.
"Many millennials got their first investment experience during this period…These people deposited their first paychecks into stocks, bonds, gold, and other investment options recommended by their parents," the article noted.
"Unfortunately, the timing was very poor for these millennials. They followed the advice of their parents, invested in stock markets hoping to access a safe investment opportunity, then watched their money disappear as the world went through the worst economic depression in nearly a century."
Although the economy has since bounced back, many millennials remain gun-shy about following the investment advice offered by older generations.
"Ultimately, millennials often prefer Bitcoin over gold because they're more aware of Bitcoin - and the real value of Bitcoin - compared to an older investor. Instead of seeing it as a silly trend like an older investor, younger millennial investors recognize Bitcoin's long-term usefulness," the article notes.
About Gramercy Gold:
Gramercy Gold is a gold dealer located on Madison Avenue in NYC. Gramercy Gold specializes in selling gold for investment purposes and providing gold to IRA rollovers. Please visit http://www.gramercygold.com to begin investing in gold today.
Gramercy Gold
41 Madison Ave, 31st Fl
New York, NY 10010
Contact:
Brad Sellers
gramercygold@gmail.com
1-855-460-5239
SOURCE: Gramercy Gold
