The Young Israelis Investing in Bitcoin at Age 18
The hottest sector in the tech world may be taking losses these days, but it continues to fascinate the world. Many young Israelis, sometimes only 18 years old, are investing the small amounts of money they managed to save from odd jobs or gifts from family in blockchain technology, and they’re not fazed by the market downturns:
“Crypto is something that can develop and gain value, like stocks or art.”
Besides your brother, what does your environment think about crypto investments?
“My surroundings think that investing is good, but like any other investment, you need to be aware of the risks, even though it’s an interesting field with a lot of potential. I’m not worried about the current market drop because there have been many drops before—and also many rises. Crypto is something that can develop and gain value, like stocks or art. I also still have a lot to learn.”
“We’re seeing a growing trend of young people, even teenagers, holding crypto coins. The main reason for this is social networks and the many online games that require various kinds of coins to advance in the game,” explains Avraham Hinoch, head of the NFT Division at the consulting firm WeCcelerate, who is a recognized expert in the field.
“There’s also an ideology behind it. Generation Z strongly believes in decentralization and in having control over themselves, their content, and their actions. There is a strong statement here against the various large corporations. I believe this will continue to grow as more and more young people enter this world, and at the same time, the entry barrier will become even lower. Right now, any brand that isn’t thinking about how to integrate into these realms will simply miss out on this generation in a few years.”