Retirees invest in cryptocurrency – ABC listen
Andy Park: They’re the generation that grew up with vinyl, but now they’re dabbling in crypto. Instead of putting their money in shares or property, a recent survey found Australian retirees, on the promise of fast money, are the fastest growing demographic of cryptocurrency investors. But experts warn crypto is the Wild West and investing comes with big risks. Mackenzie Colahan reports.
Terry Sanders: It’s $15.71 now, up 6% for the week.
Mackenzie Colahan: Terry and Justine Sanders are not typical cryptocurrency investors.
Terry Sanders: We have high hopes for that.
Mackenzie Colahan: The Brisbane-based retirees say they bought $48,000 worth of Bitcoin in 2019 and made almost half a million dollars after cashing out four years…
