Baby boomers and Gen X are piling into Bitcoin, and other cryptocurrencies, affirm the CEO of one of the world’s largest independent financial advisory and fintech organizations.
The observation from Nigel Green, the chief executive and founder of deVere Group, comes from a global poll of clients aged over 55 found that 70% of those surveyed are already invested in digital currencies or are planning to do so this year.
Last weekend, Bitcoin hit $57,000, which gave it a market capitalization of more than $1 trillion. Besides, Ethereum, the second-largest cryptocurrency, surged past $2,000 for the first time, giving it a market cap of $226 billion.