According to a recent study, young French people aged 18 to 24 are becoming more frequent investors in cryptocurrencies than their older compatriots.
A report from Franceinfo highlights that up to 15% of young French people have already immersed themselves in the world of cryptocurrencies, surpassing the nationwide average set at 9% of citizens who have ever purchased cryptocurrencies.
Cryptocurrencies among French youths: Are those under 18 buying them too?
Although cryptocurrency trading platforms are officially inaccessible to minors, the popularity of these digital currencies is growing among teenagers and young adults in the country. Some of them, despite restrictions, find ways to start trading. A seventeen-year-old high school student shared that he prioritizes discretion when trading. Furthermore, a young man named Mathias Vallet, who started with cryptocurrencies at the age of 19, was quoted as being attracted by the idea of adrenaline rushes and potential profits that could help finance his college education.
Are scammers also riding the cryptocurrency wave?
Not only young French people but also scammers are trying to capitalize on the growing interest in cryptocurrencies in the country, especially now that Bitcoin prices are rising. In early March, TF1 television reported complaints from hundreds of people in Paris against the administrators of the now-defunct OmegaPro
investment platform. Television presenter Élise Lucet objected to the misuse of
her name in social media scams, where her photos were used to promote fake
cryptocurrency platforms, which she strongly denied and warned the public
against scams.
Notice:
,,The information and views presented in this article are intended solely for
educational purposes and should not be taken as investment advice in any
situation. The content of these pages should not be regarded as financial,
investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
