SoylentNews

Phoenix666 [soylentnews.org] writes:

BBC [bbc.com]:

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?

Original Submission