Young investors prefer Bitcoin while older ones choose gold

From the analysts of the American financial holding JPMorgan Chase & Co, it is clear that the behavior of investors during the COVID-19 pandemic can most likely be explained by their age group, Bloomberg reports.

Young investors prefer to take risks despite the crisis

Mature investors who are interested in alternative assets tend to have a preference for gold. At the same time, “millennials” are more likely to buy bitcoins and shares of technology companies, says analyst Nikolaos Panigirtzoglou.

“The older cohorts continued to deploy their excess liquidity into bond funds, the buying of which remained strong during both June and July,”, noted in a JPMorgan report.

The market is gradually awakening after a steep dive

Retail investor activity this year has seen a 46% jump in stocks, up from March lows. And also, in the growth of capitalization of funds, stock exchanges backed by gold, and in the recent rise in the price of bitcoin and altcoins.

Both gold and bitcoin have behaved in a similar way in recent weeks, triggered by the uncertainty in the global economy and a weakening USD. At the same time, there is still a correlation between BTC and GOLD, and the movement of these assets cannot be linked to each other.