Bitcoin is the ‘Gateway Drug’ to Stocks and Commodities for Millennials

One of the positive outcomes of the bitcoin boom and bust has been luring millennials into investing in traditional assets, a new study carried out by social trading and multi-asset brokerage firm eToro says. According to eToro, around 73% of the new investors the firm recruited in 2017 and 2018 bought cryptocurrencies. Approximately 11% of these investors have since then gone on to put their money in traditional assets besides crypto. This includes commodities, stocks and forex. The diversification was especially prevalent among millennials (ages 25-34) as 44% of the respondents in this demographic broadened their portfolios. Bitcoin Flattened the

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source https://www.ccn.com/bitcoin-is-the-gateway-drug-to-stocks-and-commodities-for-millennials

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