TLDR

• ASIC survey finds 23% of Australians aged 18–28 own cryptocurrency.
• 63% of Gen Z use social media and 18% use AI for financial information.
• 66% of Gen Z crypto holders report using short term or speculative strategies.
• 29% of Gen Z crypto investors trade based on influencer or social media advice. 

Australia’s financial regulator has warned young investors to verify financial information found online. The warning follows new research showing that social media influencers and artificial intelligence tools shape many financial decisions among Gen Z. The Australian Securities and Investments Commission (ASIC) released the findings from a survey conducted by its Moneysmart program. 

The study involved 1,127…