Almost half of the financial advisors have said clients asked about cryptocurrencies in the past six months, compared to only 17% in 2020. With the pandemic still very much in full swing and the government issuing one stimulus after another, the concept of dilution and inflation is on more and more people’s minds. Cryptocurrencies such as Bitcoin create a shield against inflation as it is decentralized and global.
“Folks are realizing now that it’s not going away.” Tyrone Ross, CEO of Onramp Invest, says. Bitcoin has now entered more and more people’s sight; not only do the tech-savvy younger generation crave the non-stop action of Cryptocurrencies, but older generations are also joining the journey. In addition, stricter regulation and a more mature market mean that Bitcoin will see resurrection as a sensible investment method to spread out the risk instead of increasing it in the long run.
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