According to Bloomberg ETF analyst Eric Balchunas, Baby Boomers are proving to be better Bitcoin hodlers than younger generations. Despite the recent drop in Bitcoin's price, Baby Boomers have maintained their positions, showing confidence in Bitcoin's long-term potential. This resilience stands in contrast to younger investors who tend to sell off during price drops. The analyst also noted that Bitcoin ETFs have experienced net positive flows, even during the recent price downturn, indicating continued investor confidence. The strong performance of Bitcoin ETFs during this period could be attributed to the unwavering support from Baby Boomer investors.
Cointribune En•11 months ago•
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Baby Boomers are the Unexpected Bitcoin Hodlers
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Summary:
Baby Boomers are showing surprising resilience as Bitcoin investors.
They are holding strong despite recent price drops.
Younger generations are more likely to sell off during price drops.
Bitcoin ETFs have experienced net positive flows despite the price downturn, indicating continued investor confidence.
The sustained investor confidence in Bitcoin ETFs can be attributed to the strong support from Baby Boomers.
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