the legal trouble that entrepreneurs like Sam Bankman-Fried are in
It is true that younger adults are more open to this way of putting money to work. If you’re younger than 40, you’re more likely to own crypto than people older than 60, according to the NBER research. You’re also more likely to be male. Pew also reported that while 14 per cent of white adults had owned crypto, 21 per cent of black or Hispanic adults had done so and 24 per cent of Asian American adults had as well.
But something like that may never happen again, and the small number of people who realised those gains may well have been lucky. Repeating a feat like that – both buying and selling at precisely the right time – requires extraordinary skill .I’m not here to tell you not to try under any circumstances, though. Quite the contrary.
Ms Espinal, who instructs educators on how to teach about crypto and is the author of Mind Your Money, does worry about teenagers who put all of their savings into crypto and lose everything.
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