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Almost 20% of Gen Z Investors Are Only in Crypto — Is That Brilliant or Dumb?
A joint report by FINRA and the CFA Institute revealed an alarming statistic: Approximately 19% of Gen Z investors are invested solely in crypto. That’s right, one in five investors under age 30 holds no assets other than extremely unpredictable cryptocurrency. This flies in the face of traditional investment wisdom, which recommends diversification of assets and only small positions of highly volatile ones. But is Gen Z onto something here that others aren’t seeing or is their investment strategy all hope and no fundamentals? Crypto’s popularity reflects Gen Z’s investment attitudes at large, and a shift in ... (full story)
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