Rat Poison? Millennial Investors Prefer Bitcoin To Buffett’s Berkshire Hathaway

Tony "The Bull" Severino

5 years ago

3 mins read

bitcoin miliennial investor berkshire hathaway warren buffett

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Bitcoin has in the past been called a Ponzi scheme, a scam, a tool for money laundering and criminal activities, and even has been dubbed rat poison by the Oracle of Omaha himself, Warren Buffett.

But that “rat poison” is a more sought after investment in millennial investors than the Buffett-backed Berkshire Hathaway, and many other top stocks.

Bitcoin Outranks Traditional Stocks In Millennial Investors

Cryptocurrencies like Bitcoin , Ethereum, Ripple, and thousands and thousands more, are an emerging asset class that despite being new, untested, and unproven, are a more appealing investment to millennial investors than many of today’s top-performing stocks.

According to a new report from brokerage firm Charles Schwab, it shows how the Grayscale Bitcoin Trust from Grayscale Investments stacks up against the likes of Netflix, Walk Disney, Microsoft, and Warren Buffett’s Berkshire Hathaway.

The study surveyed a number of millennials, gen Xers, and baby boomers, and found that of the millennial subset, Grayscale’s Bitcoin Trust received more inflow than Walt Disney, Microsoft, Netflix, Alibaba, and Berkshire Hathaway.

The only traditional stock investments that outshined Bitcoin in millennial investors, were Facebook, Tesla, Apple, and Amazon. Bitcoin was nowhere to be found within the top-ranked investments in gen X or baby boomer groups.

Why BTC And Not Netflix, Microsoft, and Other Traditional Assets?

But why Bitcoin and not less-risky stocks or other traditional investments? Millennials were raised alongside the emergence of the internet, and are far more tech-savvy and open to advancements in technology, allowing them to adapt to changes faster than their older counterparts.

Millennials also watched and witnessed the wealth generated during the dot com boom, but were too young to participate. Many of them refuse to miss out on what may be as revolutionary and disruptive of a technology – potentially even more so.

Lastly, millennials have developed distrust in modern governments and the fiat currencies issued by them. Debt is skyrocketing, and the global economy teeters in the balance being grossly mismanaged by world leaders.

This distrust in governments and power-controlling individuals has caused millennials to lean toward trustless, decentralized technologies that remove the need for a controlling third-party. Bitcoin is this, but for money – which makes the entire world go round.

Because Bitcoin has such potential, millennials investors are willing to risk it all on the crypto asset, in hopes of not only becoming rich but ushering in the future of money as we know it. And with Bitcoin price predicted to reach over $100,000 to as much as $1 million per BTC, it could create an entirely new generation of wealth.

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Tony "The Bull" Severino

Tony "The Bull" Severino, CMT, is a distinguished figure in the cryptocurrency analysis sector, renowned for his in-depth technical expertise and innovative approach to market trends. As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market.
A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony’s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements.

Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions.

In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony’s expertise to guide their trading strategies.

Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies.

Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders.
His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics.

Tony’s nickname, "The Bull," aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice.

In summary, Tony "The Bull" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.