Cryptocurrency no longer a millennial game as older Aussies invest

is increasingly being seen by older Australians as a legitimate investment, new data from one of the country's biggest exchanges has shown.

BTC Markets noted that in general, older Australians are more likely to have larger initial deposits, bigger portfolios and higher average investments. BTC Markets CEO Caroline Bowler said the data was increasingly showing that cryptocurrency is no longer the domain of tech-focused young people."Australians aged over 60 are seriously developing investment strategies for their post-work years as they approach retirement," Ms Bowler said.

"These Baby Boomers are often at a time in their lives when they have accumulated significant wealth and assets and have many years of experience investing in financial markets.READ MORE:In the past financial year, BTC Markets also saw a dramatic upswing in the number of female investors, recording a 172 per cent year-on-year growth in new users.

Bitcoin

Super bullish.

older people fall for scams easier. not exactly news

Remember the only thing that gives bitcoin value is the exuberance and euphoria of a litany of idiots that keep buying it.... and telling their friends to buy it. That’s it. - Peter Joseph

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