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Nearly a Third of Millennials Say They'd Rather Own Bitcoin Than Stocks (bloomberg.com)
An anonymous reader quotes a report from Bloomberg: A survey by venture capital firm Blockchain Capital found that about 30 percent of those in the 18-to-34 age range would rather own $1,000 worth of Bitcoin than $1,000 of government bonds or stocks. The study of more than 2,000 people found that 42 percent of millennials are at least somewhat familiar with bitcoin, compared with 15 percent among those ages 65 and up. Bitcoin rose more than 6 percent Wednesday to as much as $7,545, helping to push the value of the total cryptocurrency market above $200 billion for the first time, according to CoinMarketcap. The digital asset has soared more than 600 percent this year, compared with gains of 15 percent for the S&P 500 Index -- which might explain millennials' attraction.
Millennials in tech are also a scam, so they deserve each other.
Stocks are a scam. What goes up must come down, and with so much money done with HFT, there is no real way to make cash as a common person. If you are a CEO who finds a security breach, shorts his stock, announces it, and cashes in, that is a completely different ballgame since insider trading is legal now. If you make a buck in a stock, someone else loses a buck. Plain and simple.
BitCoin doesn't go down over the long haul. $1000 in BTC means $2000 in a few months, pretty much guaranteed.
Bitcoin is just numbers on a computer.
All bits, no coin.
It must have been something you assimilated. . . .