Millennials Prefer Bitcoin Over Gold, BTC ETF Demand Exists

Bitcoin Over Gold

During Bloomberg’s “ETF IQ” segment yesterday, a financial advisory head said Bitcoin (BTC) exchange-traded funds (ETF) are preferred over their gold counterparts by millennial investors. Nate Geraci, the head of The ETF Store, an investment advisory group that seemingly specializes in funds, noted that many of their younger clients ask if they can replace a core gold holding, seen as a hedge/non-correlated asset, with one that holds cryptocurrency, namely Bitcoin. In fact, Geraci quipped that 90% of their millennial clients suggested Bitcoin over the precious metal.

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