One of the brokerage houses did a survey of the Millennials asking the preference of gold versus Bitcoin. It was 9 to 1 in favor of Bitcoin.
This not only makes me think that your view on Bitcoin is sound, the future of gold, when the older generations start passing on is in question. This generation obviously does not see gold in the same manner as the ones before it.
Demographics could be having greater impacts than ever before.
Yep, I would agree with that completely. Gold is worth $8 trillion. All of crypto less than $200 billion. That may end up flipping as the years go by.
I do believe there is a real chance this might be the case, i think at the very leas half of that 8 trilion might go into cryptos, but on the other hand, gold wil always hold vale, it has done so for 1000's of years, gold could be used as a medium of exchange for small purchases or transactions as its easy to sell gold, there will always be a jeweller or money exchange willing to buy gold from you in person.