When baby-boomers fell in love with bitcoin . . . | Money


Baby-boomers have been ploughing their money into cryptocurrency while millennial-age investors have been shunning the likes of bitcoin and litecoin, according to a report.

More than one in five people who own cryptocurrency are baby-boomers — aged 55 and over — up from 7% in 2019, research by the Financial Conduct Authority (FCA) has found. There was a steep drop in the number of younger cryptocurrency investors over the same period, with the proportion of millennial crypto investors down from 39% in 2019 to 21% this year. Generation Z are also now less likely to invest in the assets, according to the FCA research note published on June 30.

The Times reported last week that the 83-year-old investor David Browning, a retired electrical engineer, had



Source link