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Wharton's Professor Jeremy Siegel Says Bitcoin Has Replaced Gold for Millennials

Amy Liu

Summary: Jeremy Siegel, a finance professor at the Wharton School of the University of Pennsylvania, has warned about inflation and the Fed hiking rates many more times than the market expects. He also said that bitcoin has become the new gold for the millennials. He stressed that “it’s a fact that the young generation is regarding ...

Jeremy Siegel, a finance professor at the Wharton School of the University of Pennsylvania, has warned about inflation and the Fed hiking rates many more times than the market expects. He also said that bitcoin has become the new gold for the millennials. He stressed that “it’s a fact that the young generation is regarding bitcoin as the substitute” for gold. 

By Amy Liu

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