Young Koreans Turning to Crypto as Alternative for Creating Wealth
Young employees in their 20s and 30s are reportedly leaving the workforce to pursue riches in crypto trading.
The hedge fund plans to invest in areas such as blockchain technology, payments systems for digital currencies and stablecoins.
Some in the industry now go so far as to predict a sixfold increase in the total dollars raised using such funding methods over the next four years.
The FCA is concerned younger crypto holders will behave "less rationally and more emotionally, egged on by anonymous and unaccountable social media influencers."
A satirical tweet about the compounding return on planting tomatoes reveals a lot about contemporary tech culture.
The fintech robo-adviser will likely allow customers to invest as much as 20% of their portfolios in crypto, said Wealthfront Chief Strategy Officer Dan Carroll.