Following a tough 18-month bear market, it finally seems as though the good times are right around the corner. With this, talk of cryptocurrency, within family and social circles, is also returning.
But despite the development of infrastructure and acknowledgment from both public and private authorities, Bitcoin still lingers as a dirty word. Especially amongst the older generation, who see fit to “lecture” friends and family over the pitfalls of investing in cryptocurrency.
Retirees Are Bitcoin Averse
As a volatile investment, it’s no surprise that Bitcoin ranks lowly with the risk-averse. Of which, those approaching retirement tend to struggle the most in “seeing the light.” A survey by Gold IRA Guide asked 1,000 US participants aged 50+ their thoughts on investing in Bitcoin.