- Professor Jeremy Siegel compared Bitcoin to gold
- For millennials, cryptocurrency has become the main investment
- Gold in the minds of young people is an outdated and unprofitable investment
Professor Jeremy Siegel believes the millennial generation will move from gold to bitcoin. He stated this in an interview with Squawk Box CNBC.
The expert explains this by two factors. First, gold is practically unable to protect an investor from inflation. And the second factor is related to age: young people have more trust in modern assets and the latest technology.