One in four Gen Z Australians invests in crypto

One in four Gen Z Australians invests in cryptocurrency, according to a survey by the Australian Securities and Investments Commission (ASIC), Cointelegraph reported. The survey found that 23% of Gen Z hold crypto, with 29% of those investors making trading decisions based on content from social media and influencers. ASIC noted that Gen Z has a tendency to place excessive trust in low-credibility information, which could lead to risky decisions. The survey was conducted from Nov. 28 to Dec. 10 of last year and included 1,127 respondents between the ages of 18 and 20.