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Business Daily: Generation Z and crypto trading

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18/05/2022 GMT

Generation Z and crypto trading

BBC World Service - Business Daily, Generation Z and crypto trading

Why some young people are drawn to risky digital assets like cryptocurrency and NFTs

More young people are investing in digital assets such as cryptocurrency and NFTs, but they are unregulated so there is no investor protection.

The lure of making a quick buck means young people have always invested in risky assets. For Generation Z, it is the volatility and the decentralised nature of digital assets such as cryptocurrency and NFTs which is so attractive. They are unregulated, meaning there is no investor protection. Some experts warn that trading them should be categorised as gambling.

Mariko Oi hears from young people who have lost vast sums of money trading in digital assets, Resh Chandran who describes himself as a financial educator offering training in conventional stocks, cryptocurrency and NFT trading in Singapore, and Brian Jung. Brian is an investor, entrepreneur, and influencer. He is best known for his personal finance, credit card, and crypto YouTube channel which boasts one million followers, but compared to other influencers, he is known to talk more cautiously about risks and danger.

Presenter: Mariko Oi
Producer: AnneMarie Parnell
 
(Photo: Brian Jung. Credit: Brian Jung

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