How Gen Z is Hooked On Cryptocurrency and NFTs
Phoenix666 writes:
BBC:
The lure of making a quick buck has always attracted young people to invest in risky assets. For Generation Z, it is the volatility - and the decentralised nature - of digital assets such as cryptocurrency and NFTs which appeals. But they are unregulated, meaning there is little investor protection.
"All my friends were talking about [cryptocurrency] so one day I just decided why not just jump in and see if I can make some money," says 20-year-old Paxton See Tow.
All he needed was his phone and trading thousands of dollars' worth of assets was only a click away.
The gamification of trading is cited as a key attractant for Gen Z investors. Is that good, because it draws more people into investing, or dangerous?
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