In some conversations that I have had with some rich people who are old, they most times always say that they invested in real estate and that was how they made some fortune. Young people understand that investing is key and paramount to securing a better future like these Old rich men did then, But the question now is what exactly to invest in for young people. Is it wise to follow in the steps of the old rich men who had investments in Real Estate, or do they completely now invest in cryptocurrency? The answer is sometimes traced to the one that offers the lowest risk and loss of capital.
The less riskier from Real Estate and cryptocurrency is Real Estate, but less risk,, less reward. The risk that come with the higher volatility of cryptocurrency makes the profit that can be gotten bigger. Will you go for less risk, or big profit?
In the grand scheme of things, investing in real estate does provide you a fortune especially if you aim for long-term investments. But remember that the situation of these boomers are different from the current situation we have now. Before, real-estate was one of the primary ways of investing your money due to the price of lands being relatively low in the market.
As time progresses, new innovations start to be introduced. Yearly, new products and investments are being made which can become an opportunity to the younger and new generations. The best example here is cryptocurrencies and I consider it as the new-age of investing or the "real-estate" of investing, metaphorically speaking.
The best indication is always be the price history index of BTC. Lots of people (including me) had the opportunity of earning additional income just by HODLing BTCs. Though this may sound easy as it is, the entire system still depends on your decision making.