French Teenagers Turning to Crypto Investment – Report
French teenagers are more likely to invest in crypto than older citizens in the country, a report has claimed.
Franceinfo reported that 15% of French people aged 18-24 years have already taken the crypto plunge.
This is much higher than the national average, the outlet claimed. Franceinfo wrote that 9% of French citizens are thought to have bought crypto at some point in their lives.
The media outlet added that “although” crypto platforms are “prohibited for minors,” in France, coins “are enjoying growing success among adolescents and young adults.”
But this “doesn’t stop some teenagers” from “getting started” with crypto trading, the outlet explained.
An unnamed “17-year-old high school student” said that he was “very discreet” when trading coins.
The outlet also quoted a young man named Mathias Vallet as claiming he “started” trading crypto “at 19.”
Vallet said that the “adrenaline” draw and the hope of securing major profits had spurred him to make several forays into the crypto market.
Vallet explained that his gains on the markets had helped him “finance” his university “studies,” and said:
“As soon as we see rising price charges, there is a lot of adrenaline. But we always try our hardest to eliminate emotion. We want to make reasonable decisions to let our assets grow in value.”
And French teenagers are not the only people in the country taking to crypto. Scammers also appear keen to tap into rising French crypto fever as BTC prices rise.
On March 7, the national broadcaster TF1 reported that “several hundred people” had filed complaints in Paris against the managers of a now-defunct cryptoasset investment platform named OmegaPro.
On X (Twitter), the TV presenter Élise Lucet distanced herself from several crypto scams that
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