@Happno not different - that is my point
every time people say 'this time its different' - it never is
gold bull rally 2002-2008 was one of the greatest stealth bull rallies of all time
almost no one in broad investment circles spoke about it - everyone was fixated on iron ore, coal, oil. was mainly gold bugs and gold industry people who saw it all
the 'gold is dead' views of the 90s totally removed most generalist investors from focus on the space
you appear to be making the same mistake as people did then and the same as many/most people do
- you are making an assessment that current price is indicative of future demand or future value - and from that extrapolating some view of how different generations see value
whereas what Ive seen is that when price of an asset is low young people(in fact most people) dont generally buy or have interest in it
when an asset's price price has risen a lot recently young people are very interested - because young people as a group are superficial and greedy (not everyone as individuals - but as a group)
Sydney/Melbourne housing 20010-12 vs 2015-20 great example. The young couples that could easily have bought property in 2011/12 stayed renting then paid 50-150% more to buy a place in 2015-20.
They are out there madly bidding for houses now - when the median house price in Sydney is the highest in history
Its precisely the same with crypto vs precious metals currently. Crypto has surged - agree its by design precisely to pull them away from PMs - while PMs have been consolidating
an experienced investor knows that means PMs surge next and cryptos will lose relative performance - except that cryptos can only be compared vs PM miners - not PMs themselves.
the longer PMs go higher - the more those 'generational' assumptions you are talking about re crypto vs gold/silver will be re-wired
none of this means cryptos cant go higher.
cryptos are essentially like art - paintings, sculpture, rare comics, trading cards etc
their value is entirely subjective - not intrinsic.
but whilever there is a community of likeminded people willing to compete and outbid each other for them prices can go as high as people are willing to bid
and in fact since the investment banks set up the chicago crypto derivative exchange in 2017 - it doesnt even require real hard dollar bidding
the IBs have gotten control of the crypto market and bitcoin by creating derivs and can set price purely through using highly leveraged derivative
so you cant make any assessment about younger generations preferring crypto vs gold/silver - because crypto isnt a currency - its an asset but its not a currency - and because time will reveal the differences and so people's views will change with time
same as the young people in the 90s