Switzerland: Young investors prefer Bitcoin to Gold

Young Swiss are Bitcoin and co. significantly more open than older. A recent survey also shows a growing change.

Older consumers remain crypto-sceptical

If the financial market problems and the economy weakens, look for investors to the proverbial safe Harbor. In all cases, this was traditionally the precious metal Gold, which is still the first choice as the value is, even today, many investors are holding. A recent survey of the company, Migros Bank, however, shows that at least within the younger population, a rethink is evident. The survey, which related to Switzerland, but can be seen as a pointer for other countries. Finally, in countries such as Turkey and Poland been similar surveys with results that can confirm the Swiss Trend. The 1,500 participants had a minimum age of 18 years and are in the areas of French-speaking Switzerland, the Canton of Ticino and in German-speaking Switzerland, at home.

Respondents to the mid-50 are showing interest in digital currencies

Crypto-currencies like Bitcoin or Gold? For more and more Respondents, this question no longer arises. After all, seven percent of the respondents in the age group between 18 and 55 years of age was already in Bitcoin invested or otherwise Altcoins in the Portfolio. In comparison with Gold cut off here is worse. Age still plays a significant role in the preferences, however, shows the group of people over the age of 55 years. Here Gold as an asset class continues to make the race, as by the experts of the Institute of inter-Vista showed as a contractor of the said Migros Bank also. Between the ages of 18 and 29 years, the group of crypto-investors that brings it to seven percent, five percent, compared to the Gold owners. The crypto-share in the group between 30 and 55 years remains more interesting is identical with data of the Teens and twenty-somethings. Gold, with six per cent, a slightly higher value.

Different Budgets for crypto-Coins provided

In the case of the respondents over 55 years, crypto-currencies such as Bitcoin, Ripple or Litecoin to bring it to a share of under one percent. Vanishingly small so. On average, the crypto-share is in the portfolio, regardless of age with at least five percent, and thus at the same level as Gold. Every third invested according to the survey, a maximum of 1,000 francs, 20 % with 1,000 to 2,000 CHF. A tenth of a dare after all, investments in the context of 2,000 to 5,000 CHF, while the remaining third makes even more than 5,000 CHF locker for Bitcoins and Altcoins. Asked for the reason of one’s own restraint in Speculating on the Bitcoin exchange rate and the sector of digital currencies, many investors to give priority to the ignorance of the matter and the supposedly high risk of loss. The older, the more cautious the survey, participants will present their projects to possible crypto investments in the future. Furthermore, men are interested than women.

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