According to the UK’s Financial Conduct Authority, too many young adults have invested in crypto without fully understand that it is a very high- risk asset. Many young adults have experienced ‘play-to-earn games’ which reward players with crypto currencies that can be traded for cash. They also see others brag about making million dollars in crypto trading. So it is natural for them to want invest in crypto as it is just a click away to them. Being young, they are more optimistic and not afraid of risks. Volatility appeals to them because they think that volatility in the market means opportunity and they would be the last one standing if ever there is a bloodbath. I think we should be extremely cautious because “the last one” means only one in the millions which is as good as putting one’s money to gambling. Thanks
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