They are not wrong. But I would rather say "younger investors go for cryptocurrencies".
The market is volatile and there is a lot of profit to be made.

Its only logical to go for investments that yield a high return. Seniors gotta keep up with the technology

https://www.bloomberg.com/news/articles/2020-08-05/older-investors-go-for-gold-younger-ones-bitcoin-jpmorgan-says

If they keep doing the "quantative easing" and pump tons of $ into the rich companies while inflating the whole economy, they are just doing a huge favor for cryptocurrencies.

https://medium.com/in-bitcoin-we-trust/weak-u-s-dollar-boosts-gold-above-2k-just-as-it-will-boost-bitcoin-to-a-new-all-time-high-4bc944833226

Is Warren Buffett investing technique outdated?
Is he catching up with time and new rules.

Find out in this interesting article:
https://medium.com/datadriveninvestor/having-broken-his-golden-rule-warren-buffett-is-now-outdated-by-the-new-stock-market-rules-5abf53c5d2a3

Justice is slow but sure
https://www.marketwatch.com/story/telegram-fined-185-million-by-the-sec-and-must-return-12-billion-raised-in-an-ico-2020-06-26

This is the opinion of Massimo Buonomo, a UN global blockchain expert who added that the need for a bank account may soon be "fully removed by digital currencies and especially the central bank's digital currencies (CBDCs). Buonomo said that banks and credit card companies have had a duopolistic approach to digital payments for many years, but the advent of digital currencies can mean that users can circumvent them completely, he said in an online board on Thursday about the future global post-coronavirus economic structure.

He said that low-interest rates, which central banks are needed to facilitate increased borrowing, will speed up the cycle because they enable account holders to chase other countries for returns. For one, the Bank of England discusses the idea that interest rates are paying in negative territories, which suggests savers can compensate the banks to keep funds in their bank accounts. American President Donald Trump recently called them a "gift" for negative rates.

Interest rates are the one remaining killer feature of bank accounts, according to Buonomo. Yet in the context of digital currencies that can accept online purchases as quickly, they are in danger of being redundant.

Source: https://finance.yahoo.com/news/blockchain-bites-why-un-federal-163430366.html

Dear crypto enthusiasts,

As you probably know, Switzerland is being considered as the crypto valley. Especially Zug is known for being the home of many very promising crypto ventures.

The newest crypto venture coming out of the Alpin state is Bitalium. The company is led by a very experienced entrepreneur Sam D. Walch based out of Zug.


Just recently he demonstrated the company’s Poloniex trading accounts to a hand-picked group of distributors.

One of the accounts was showing 709 BTC. The same account was showing 50 BTC two years ago.

It goes without saying that this is an extraordinary result that Bitalium’s traders were able to pull off.

Find out more at https://cutt.ly/nyDFAiE

Bitcoin looks like it might break 8K after all, bears haven't even touched 7K, much less anything below it.

And a consolidation seems to be forming, near 7.4K.
TradingView was always my best place to look for TA, they usually get it right, about 75% right which is far more than others.

https://www.tradingview.com/chart/BTCUSDT/BSbzqEsJ-Possible-break-of-resistance-and-uptrend-to-8-000/

"BitMEX, the world’s second largest crypto exchange by daily trading volume as of press time, believes that amid the ongoing global coronavirus crash, Bitcoin faces its biggest challenge and the opportunity to prove its potential during the global financial crisis."

Test indeed. If you watch the global economic markets, mostly stocks, you will notice that Bitcoin rebounded way batter that any other asset out there.

https://cointelegraph.com/news/coronavirus-financial-crash-is-bitcoins-biggest-test-bitmex-says

What to expect in this article?

- How does Coronavirus impact Bitcoin’s price action?
- What impact does the virus have on the halving?
- Vulnerabilities of bitcoin exposed by coronavirus
- What happens if this panic goes on longer?


First things first, we wish everyone safety and those impacted a speedy recovery. We want crypto to thrive in a happy and healthy world, not in a post-apocalyptic doomed future.

This article is written as an answer to the question “Will coronavirus impact bitcoin during halving or in future?” purely as an conversational point of view, without undermining the devastation that virus has been leaving behind its trail.

Read more: https://www.linkedin.com/pulse/corona-virus-impact-bitcoin-halving-future-rk-reddy/

Dumb...just let it burn.

We need a washout of all these Ethereum projects creating leverage within the system.

Ethereum, solely, has been at the heart of all of this. ICO scams, DAO hack, DeFi....it's time to let things die.

The space doesn't need this leverage at this point in the cycle. We need projects that build on their own accord without putting everyone else's money at risk.

https://cryptobriefing.com/maker-allies-form-syndicate-unite-mkr-buyers-last-resort/

The weeks and months to come will highlight this superiority of Bitcoin over Wall Street and other financial markets, I am convinced.

Find out here: https://bit.ly/2Qawf0r

I can't imagine banks ever issuing any digital currency that is decentralized.
This is going to be centralized as fck

https://bit.ly/2TNoAYe

Coronavirus is the first big test for BItcoin

https://www.cnnmoney.ch/shows/blockchain/videos/coronavirus-first-big-test-bitcoin

For the consumer tech trends to become a reality, we will need a large part of crypto super-imposed on top of them!

Full Article: https://bit.ly/2W5nmc4

Throughout the course of the crypto market’s intense 2020 uptrend, this coin has been one of the best performing cryptocurrencies, posting an insane rally that recently allowed it to set fresh year-to-date highs.

This intense rally has been able to extend further over the past couple of days, despite some turbulence seen by Bitcoin and other major altcoins.

This has led analysts to note that the crypto could be poised to see significantly further upside, with a potential break above a key level that it is hovering just below catalyzing significantly further upwards momentum.

Find out more: https://www.newsbtc.com/2020/03/07/this-crypto-is-about-to-explode-if-it-reclaims-one-key-level/