‘I put my life savings in crypto’: how a generation of amateurs got hooked on high-risk trading
How crypto trading is spurred on by social media influenced FOMO. Through lockdown boredom, economic stimulus packages and the GameStop chaos, 2021 is the year that ordinary people discovered financial markets. Online trading apps are drawing in novice investors willing to risk everything on volatile stocks. But as Sirin Kale reveals, many young people, women and minority groups are losing out on life-changing amounts of money in this gamified online-centred investment community.
From The Guardian