RATE Group | Young savers at risk of lasting harm from ‘Bitcoin craze’, experts warn
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Young savers at risk of lasting harm from ‘Bitcoin craze’, experts warn

22 Sep Young savers at risk of lasting harm from ‘Bitcoin craze’, experts warn

Posted at 07:19h in Bitcoin News by

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Bitcoin-obsessed millennials are developing dangerous savings habits that could harm them over the course of their investing lives, experts have warned.

It has been a torrid time for cryptocurrencies – digital currencies that operate independently from central banks – and recent price volatility suggests that the investment bubble may now have burst.

The value of the crypto market soared from around $18bn (£13.5bn) at the beginning of 2017 to more than $800bn at its height a year later, only to plummet to its current level of less than $200bn over the past nine months, according to data provider CoinMarketCap.

The price of Bitcoin, the best-known digital currency, plunged from record highs of…

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