At 11 years of age, Bitcoin is still a very young asset. This novelty and otherness is in all probability also the reason for the high volatility of the Bitcoin price. Of course, this enables very high profits, but also increases the risk of enormous losses. Bitcoin is generally regarded as a valid investment by younger people rather than older people. But contrary to this generally accepted observation, the corona crisis and the policy of quantitative easing by central banks may now have caused a rethink in the minds of many people. As the new figures from River Financial suggest, interest in Bitcoin among the older generation is growing massively. Just the last few months have shown that more and more people of the “baby boomers” generation, who saw the light of day between 1946 and 1964 and are thus 55 years or older, are willing to buy Bitcoin. The company says it has seen its customer base double for every month of 2020. The average monthly volume of Bitcoin transactions also increased by 80%, while the baby boomers have been responsible for 77% of this growth since March.
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