A more recent survey, published this month by financial information firm finder.com, put South African crypto ownership at 10%, with those aged 18 to 34 accounting for 43% of holders.
This study focuses on young people in townships who are drawn to the promise of quick riches with cryptocurrencies but risk losing money or becoming victims of scams. The study highlights that more young South Africans are choosing to trade in cryptocurrency rather than get a college education and find a job without fully understanding the risks. To help us unpack this issue further is...
Asheer Ram - Senior Lecturer at the school of Accountancy at University of Witwatersrand