If you are willing to stomach significant short-term volatility for the chance at higher returns in the long run, you're generally considered an "aggressive" investor.
Generally, aggressive investors hold larger portions of riskier assets, such as stocks, while conservatives prefer the safety and predictability of bonds.
You'd think, then, that cryptocurrency, an extremely volatile asset, would be the exclusive territory of aggressive investors.
So are young, wealthy investors changing the definitions of what it means to be aggressive or conservative?
"We don't have an aggressive, momentum-style market in digital assets that typically attracts aggressive investors."
Persons:
you've, —, Myers, Briggs, that's, Stephane Ouellette, you'd
Organizations:
Bank of America Private Bank, FRNT