New research indicates boomers make better crypto investors

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Young people have turned their familiarity with social media into a disadvantage by relying on influencers for investment information.

As a millennial, it’s hard to say this, but boomers are doing crypto better. They are taking research methods used in the traditional markets and applying them to crypto projects, according to a new report from Bybit and consumer research company Toluna.

Boomers are also more likely to focus their research on technical factors such as tokenomics, revenue and competitor landscape. Compare this with their younger compatriots, who are more likely to prize reputational elements such as a charismatic founder and “website aesthetics.” Even though crypto has many idiosyncratic properties that differentiate it from other capital markets, it still has enough in common to allow for a decent crossover in analytic skills. After all, the price of digital assets is highly dependent on the balance of market supply and demand, just like traditional markets.can prevent the kind of poor decision-making that led to large losses in 2022.

 

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Digusting rubbish report.

The fast money will take your head off and Social Media has a 30 second attention span. Follow the big money... not what they say, but what they do. In regards to Crypto: the big money is buying Bitcoin while it's cheap again.

DYOR.

And yet you still call people for interviews like bitboy and mooncarl who’ve made people lose so much to make money themselves.

🫡Salute to the Boomers then, for only being down 50% … 😅

AND DON'T FORGET ABOUT MGV 💫💰💯

Disadvantage? Tell us you don't follow Bitboy_Crypto without telling us

The same boomers who shorted $GME and got rekt by social media?

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