Baby Boomers are Better Hodlers than Younger Generations!

Date:


Wed 03 Jul 2024 ▪
3
min of reading ▪ by
Luc Jose A.

The recent fluctuations of Bitcoin haven’t shaken all investors in the same way. Baby boomers, in particular, show surprising tenacity in their investment choices. They might well be the unsuspected new heroes of the cryptocurrency market.

Baby boomers, better hodlers

Eric Balchunas, ETF analyst at Bloomberg, recently shared his observations on the social network X, and according to him, baby boomers prove to be more robust hodlers than initially thought. This generation, often perceived as less tech-savvy, has demonstrated notable resilience in the face of Bitcoin market fluctuations.

Despite the drop in the price of the queen of cryptos in June, baby boomers maintained their positions without succumbing to panic. This attitude contrasts with the more volatile reactions observed in younger generations, who tend to sell quickly during price drops. Baby boomers thus show…

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