Young Investors Bite Into Cryptocurrencies

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Young Investors Bite Into Cryptocurrencies
Vishav - 29 October 2021
The craze for cryptocurrencies is on the rise across the world and India is no exception. It is, in fact, among the top five countries in terms of crypto-adoption, according to blockchain analytics firm Chinalysis. Young investors, in particular, are attracted to cryptocurrencies as an asset class—a trend that is consistent across the globe. According to Finder’s Cryptocurrency Report 2021, which surveyed a total of 47,000 individuals across the world, 40 per cent of crypto users across the world are in the 18-34 years age bracket and 20 per cent users are in the 35-44 years bracket. So, what is it that is attracting young investors towards cryptocurrencies? According to Gurpreet Singh Mehta, a 33-year-old corporate professional from Jammu and Kashmir, it’s the hype surrounding the crypto market, along with the multi-fold returns they deliver. “I am new to crypto investing; I started just six months ago. It has been a roller-coaster ride—very exciting but risky as well,” says Mehta, who also invests in stock markets. According to Vikram Subburaj,...
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