Over Half of U.S. Retirees are Crypto-Aware but Won’t Invest in Bitcoin: Survey

2019-4-20 18:13

More than 56% of American retirees over the age of 50 know what bitcoin is but refuse to invest in it. Meanwhile, less than 3% of this group own bitcoin already. These are the sobering findings uncovered by Gold IRA Guide, a magazine about precious-metal investing.

1 in 3 Retirees Have No Idea What Bitcoin Is Earlier this month, Gold IRA Guide surveyed 1,000 American retirees over age 50 to learn their thoughts about bitcoin. The results are discouraging if you’re a crypto fan because it shows that retirees remain skeptical of crypto and have not bought into the hype

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South Korean police use AI to bust $19M Bitcoin-fuelled pyramid scam

South Korean police have caught the masterminds of a Bitcoin-fuelled Ponzi scheme responsible for generating almost $19 million in revenue. The scam, called “M-Coin,” is said to have targeted those with poor understanding of the technology – mostly elderly people, retirees, and housewives – with promises of free cryptocurrency and recruitment bonuses for signing up others, reports Korea Joon Gang Daily.

2019-4-8 12:29