Crypto

Bitcoin, the new Eldorado for French youth

2021 THE INSANE YEAR OF CRYPTO ASSETS (5/5) – Despite the financial risks, people aged 15-30 are increasingly investing in cryptocurrencies in the hope of hitting the jackpot.

“I took up cryptocurrency five months ago, in March 2021, hoping to become a millionaire.”– says 19-year-old Yasina. Like him, many young people want to invest their money in these digital currencies, which have become more democratic in recent years. According to an Ifop survey last February, 32% of young French people between the ages of 18 and 24 have already invested in or would like to invest in cryptocurrencies. The national average for all French people is about 17%.

What motivates adolescents and young adults to pursue this area? Unsurprisingly, they’re mostly attracted to the potential financial gain, as Dan, 24 (who wanted to change his name), who just graduated from law school, explained: “When we know that bitcoin was worth a few dollars ten years ago, before reaching $ 60,000 in April 2021, we tell ourselves that those who bought earlier might have had

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