to freak out when Elon Musk tweets a broken-heart emoji. So why isn’t it flying off the handle as we seem to stand on the precipice of World War 3?Young retail investors betting on bitcoin as a long-term proposition rather than for quick gains are swelling the ranks of these true believers, whose name emerged years ago from a trader misspelling “hold” on an online forum.
A study by multi-asset retail investment platform eToro, which says it has millions of users, found that those aged 18 to 34 were far more likely to invest in crypto than anyone else, with 66% of that age bracket owning bitcoin and other digital currencies. That’s up from 46% last July. “It’s about being able to send it as and when I want to, to my family in Ukraine or wherever I want to in the world, and not have my money made by a bank or a third party where I don’t know what’s going on with it,” she said.