Data shows Bitcoin price value will Rise for Investor’s Numerical Shift




According to the data which reveals that there is an abrupt shift in investor monetary power and numerical shift that can propel Bitcoin price value to a new rise.

For around month, Bitcoin has been trading sideways while several other alt-coins like Chain-link and Ether are being outperformed.

Additionally, Bitcoin’s trading volume in its USD and USDT pairs has about 56 per cent worldwide as the Crypto-Compare reports.

There are a few scenarios to look out for the current report, which shows that a massive shift in investor demographics would immediately bring Bitcoin’s price value to a new rise.

A report found from Coindance, and its data shows that 50%-percent of Bitcoin investors are millennia’s. And that wealth is a transfer between generations is going to happen at a swifter rate. At the same time, the Stack Funds observes that the millennials’ fresh-launched financial freedom would go to the younger generation of investors to put tremendous purchasing pressure on the Bitcoin.

Moreover, in such a peak age of investment maturity, the millennial generation enters this field, which can propel the crucial shift in investor’s numeric. In contrast, the Bitcoin investment propensity would be increased in return.

Are the Boomers purchasing Bitcoin?

Similarly, the report also shows that developing interest among other generations regarding Bitcoin and digital assets. So this process can further be cementing the position of Bitcoin’s in investment class.

Likewise, a survey conducted by the Canadian citizens also reveals that the ownership among the baby boomers (56 to 76 years) has currently tripled.

Another research paper published by the United Kingdom Financial Conduct Authority shows that the people above the age of 35 have also taken ownership of Bitcoin.

There is a massive shift in investment power to young generations, and the increasing interest in Bitcoin for older investors can also help to push Bitcoin price value to a new rise.

 Therefore, institutions will also play an essential role as they would give the most inclination for fresh retail and invest in Bitcoin by the institutional investors.

For all sort of institutions, many options are available to be involved, and similar is the case for those desiring to invest their retirement-fund in Bitcoin?

Younger investors and socially responsible investments:

Furthermore, the current survey of Morgan Stanley also reveals that more than 80-percent of investors are searching to invest in a socially conscious manner. It means that they are giving preference to throw their money into projects which can put a positive impact on society and the world.

Besides, their greater inclination for technology, the millennials also shows an increased concern about social problems such as climate change and discrimination etc. And probably the financial inclusion would soon become one their focus point.

So, there is a considerable potential of crypto-currency to address plenty of the problems millennials can solve with the help current financial industry, and investment in Bitcoin is a new asset class.

About the author, Awais Rasheed

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