Baby Boomers now fastest growing group of crypto investors
Baby Boomers are now the fastest growing demographic investing in cryptocurrency but should be mindful of “cryptoscams”, an expert has warned.
But as a demographic known to be targeted by scammers, Baby Boomer investors need to “do their homework”, founder of Digital Wealth Group Sydel Sierra said.
“Baby Boomers aren’t the largest group of investors but they are the fastest growing,” Sierra said.
“A lot of them have only just hit retirement, and that has been the catalyst for a lot of them to reassess where their money is invested.
“Five years ago, they were probably still working.”
Almost a third (31 per cent) of Australian adults own…
