Specifically, JJ Kinahan, the new CEO of the North American branch of the international trading and brokerage giant IG Group, has explained that younger investors today prefer putting their money into crypto instead of gold. Speaking with CNBC’s Squawk Box on July 25, Kinahan revealed his opinion that gold as an investment asset has “lost a generation,” and as he explained it: According to the CEO, there has been a lot of talk of Bitcoin (BTC) becoming a hedge against inflation, therefore:
Crypto market performance in 2022
With that being said, Bitcoin and the general crypto market have underperformed in 2022 compared to gold as demonstrated by the data retrieved from the Finbold Bitcoin ROI tool that allows users to compare the return-on-investment (ROI) of BTC compared to traditional assets. As the tool indicated in early July, gold would have been a 40.41% better investment than Bitcoin this year on a year-to-date basis, as Finbold reported. Watch the full video below: Trading veteran sees young investors choosing crypto over gold Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
