For all the talk about millennials preferring bitcoin and other investments over stocks, the co-founder of popular stock trading app Robinhood expects stocks to stay in favor.
“I wouldn’t say that we’re anticipating a massive shift from stocks to cryptocurrencies,” Robinhood co-founder Vlad Tenev said. “We don’t see the equities market going away anytime soon.”
Stocks are at record highs, but digital currencies have run up even faster this year to their own all-time highs. Although talk of investing in digital currencies and the transformative force of blockchain has grown, many still see more conventional investments and technologies winning in the near term.