The interest of Baby Boomers (born between 1946-1964) and the Generation X (born between 1965-1980) in the largest crypto by market cap has skyrocketed during the covid-19 pandemic.
According to Mode Banking, members of these two generations have increased their investments in BTC by 9 during the coronavirus pandemic. In particular, investments by these generations increased by a factor of 2.24 in March, 4.49 in April and 8.88 in May.
However, Mode has not provided any information on the amount of the investments.
Mode Chief Product Officer Janis Legler:
"We believe these to be very interesting findings, and although the reasons for this could be manifold, they could potentially reveal an unprecedented change in the way investors think today, as a result of the global pandemic."
Investments made by other younger generations, such as Millennials or Gen-Z, were already doubling before the start of the pandemic. However, investments made by older generations were increasing only by 61% per month before lockdowns, a figure that has risen to an average of 107% during the pandemic.
According to Legler, this news is very important, as the members of the older generation still own most of the wealth.
Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.