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. Gen Z – also known as Zoomers – are the age group born between the mid-1990s to early-2000s. Cryptocurrencies are digital currencies while a non-fungible token (NFT) is a way of owning an original digital image, touted as the digital answer to collectables. But they are unregulated, meaning there is little investor protection.
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