"Growing up in a single mum household, it made me quite a determined person to get ahead, Ranginui said. I wanted to find new avenues to make money and crypto was so fascinating at the time."
"Crypto taught Ranginui a fast, painful lesson about financial markets' volatility. He lived in a state of stress and anxiety for about a year, constantly checking his investments instead of living in the moment."
"Nearly 30% of the generation born between 1997 and 2012 started putting money into markets in early adulthood, compared to just 15% of millennials and 9% of gen X."
"They cite a combination of economic uncertainty, a ubiquitous online investing culture and possibly the lowest barriers to entry in modern history, due to technology and AI, as their reasons for jumping into markets."
Ambrico Ranginui began investing in cryptocurrencies at 16, motivated by a desire to improve his financial situation. Nearly 30% of Gen Z has started investing in early adulthood, significantly higher than previous generations. Ranginui experienced stress and anxiety due to market volatility, leading him to stop investing in crypto. Despite this, he now works as an investment analyst and invests in sectors like lithium and AI. Factors such as economic uncertainty and low barriers to entry are driving Gen Z's investment enthusiasm.
Read at www.theguardian.com
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