A new survey reveals that over three-quarters of under-40s would rather have Bitcoin than gold in their investment mix.

77% of clients under 40 would choose to have the world’s largest cryptocurrency over gold in their portfolios to build their long-term wealth opportunities, highlighting a major shift in the investment landscape.

Younger generations believe that Bitcoin is a more dynamic and possibly rewarding investment, while traditional investors view the precious metal as a safe-haven asset and store of value.

Bitcoin is up 112.75% year-to-date, compared to the S&P 500 up 13.97%, the Dow Jones 2.79%, and the Nasdaq 29.76%.

The deVere survey shows a vast majority of respondents with a clear preference for Bitcoin over gold as a key part of their investment mix. This indicates a significant move away from traditional investment assets towards the digital sphere.

Younger generations are more familiar with the digital and tech world. Bitcoin characterises a digital-native investment option in line with their tech understanding and belief in the future of crypto. Also, the increase in online transactions and digital payments, emphasises the relevance of digital assets such as Bitcoin. They also favour the likelihood of high returns.

Financial institutions and companies are also adding Bitcoin into their investment strategies, which boosts Bitcoin’s legitimacy even more as a global borderless digital currency. Investors though should thoroughly assess their risk tolerance and remain diversified.

Cryptocurrencies have the potential for major growth and profits, but investors must ensure their portfolios remain diversified to manage possible downsides, given cryptocurrencies’ inherent volatility.