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0:00:00 Survey: Retirees, Younger Investors Should Consider Long-Term Crypto
0:00:05 This update is brought to you by “CoinCheckup News Updates” and was originally published on “BitcoinNews.com”.
0:00:11 One truth all too well hard to dispel is the fact that the older generations will always remember the impact of the last financial crisis, as well as the fear of it happening again.
0:00:21 And while Bitcoin and the Blockchain may be making waves in their own ways, most American retirees can hardly picture themselves owning a Bitcoin without being reminded that if it’s too good to be true, it probably is.
0:00:32 This probably summarizes the survey carried out by precious-metal resource website Gold IRA Guide, as it discovered that more than half of its respondents said they know about Bitcoin but aren’t interested in investing.
0:00:43 The source blames it on proper education on Bitcoin, its technology and its function as a currency.
0:00:49 However, it’s truly hard not to be cautious, especially when Bitcoin’s volatility is nothing like anyone on Wall Streets have experienced even with the most volatile of stocks.
0:00:59 And so as an investment, it probably doesn’t signal much safety.
0:01:04 Okay, granted maybe gold may have been a little crazy too at some point.
0:01:08 If history has taught anything, it is that not having a radical investment in one’s diversified portfolio can make growth rather slow, but even that is a double-edged sword.
0:01:17 Still, a recommended 1% investment of an entire hedge funds capital into Bitcoin seems like a logical bet.
0:01:25 And while it appears small, the nature of Bitcoin’s volatility can make a hugely positive impact when the price goes up and minimal when it goes down – after all, it’s just 1 percent of the entire portfolio.
0:01:36 Thanks for watching this video.
If you wanna read the whole article you can go to CoinCheckup.com or go to: “BitcoinNews.com”, who originally published this news update on their website.
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