Bitcoin has many characteristics that make it attractive enough to let it go and not invest, it has come to be compared to gold, but its origin has given rise to great dilemmas between investors and millionaires.
The crypto market is usually selective
Possibly those who invest in bitcoin and other cryptocurrencies are usually located at younger ages since older people tend to evaluate more carefully the pros and cons that this type of digital asset may have.
Perhaps the leading cause is a higher level of skepticism than young people who assume this type of digital financial tool with less prejudice.
Statistical calculations and analyzes assume that every 8 out of 10 young people or considered millennials decide to invest in cryptocurrencies, so much so is the relevance of age in terms of crypto investments that according to a CNBC survey millionaire Survey indicates that of the people who were born between 1980 and 1993 and who are millionaires today, they have investments in crypto assets.
The renewal of investments in digital currencies is expected to double by the end of the year, when perhaps Bitcoin and the digital financial market, in general, have reached a new phase.
Despite the threatening inflation that attacks the digital financial market, there is no doubt that we are facing a bearish phase that constitutes one of the regular cycles of cryptocurrencies, that the economic environment has caused effects, there is no doubt, but the stages to those that digital assets go through is usually a cyclical phase.
There are many factors to consider that show that even in critical phases, cryptocurrencies have made profits for many, and that is where it can be indicated that people who follow the market study the ideal time to make the relevant entries if it is about trading for to get the most out of the market.
The age difference between investors could directly refer to the fact that as age increases, interest in this type of asset decreases; consequently, financial tranquility is expected when reaching an age.
Young people and cryptocurrencies
Young people today are usually curious and passionate about technology, and both aspects drive the possibility of investing in crypto assets.
In addition to the fact that this market is usually accessible to anyone, from teenagers to the elderly, a possibility is biased in the traditional financial market.
The financial instruments offered by the digital market are usually flashy enough to increase expectations of juicy profits. However, the traditional financial need does not consider them with the profile of stock market investors makes them cling to crypto opportunities.
The democratization of finance offered by Bitcoin and cryptocurrencies, in general, has opened the doors to young people who want, from a critical point in their lives to start saving to enjoy financial freedom at a much younger age than we are used to seeing in today’s society.
A modest crypto millionaire
Undoubtedly, the multi-million dollar amounts that the digital financial market has moved continue to surprise the world.
Perhaps 2022 has not been the best stage for this to happen due to the constant falls that the market has gone through, which does not alienate investors who faithfully believe in the concept that these digital assets offer the world.
Such is the case of the founder of FTX, one of the Exchanges in the cryptographic world that has surprised more than one; his name is Sam Bankman-Fried, positioned with a fortune that reaches 21 billion dollars and that usually leads a life relatively quiet and conservative in terms of luxuries.
He is a young millionaire who reached his fortune with cryptographic investments and who, to date, assumes he does not want to acquire a yacht to show off and is transported in a Toyota Corolla vehicle.
Assume that your monthly budget could be between 8,000 and a maximum of 9,000 dollars per month. With this budget, you can indulge yourself without wasting money.
His main objective is to maintain a percentage close to 1% of his income to lead a comfortable life without limitations, which allows him to make donations and contributions to noble causes that are more important to him than luxuries and waste.
Conclusion
These types of young people are the ones who drive the market, managing not only to transform the way they use their wealth but also the social causes that, according to their way of thinking, tend to fill the human being more than being surrounded by money and appearances.