"I do what I want with my money": these young people who are betting it all on cryptos

Damien is 22 years old, he loves football, his studies, parties, social networks, good music, in short, he has everything of the young person of 2023. Or almost.

Because Damien has the distinction of owning only cryptocurrencies. "98% of my assets are in cryptos," he tells us. In other words, only 2% of his money is available in euros.

This student from Lyon first became interested in cryptos in 2017, during the previous Bull Market. At the time, bitcoin had risen in less than a year from $1,000 to almost $20,000, and he took the opportunity to get into the market with "a few hundred euros".

Like many investors, he lost a large part of his stake between 2018 and 2019, but he enjoyed runaway success with the rise of the markets during the Covid crisis. Today, at just 22, he owns around €300,000 in cryptos 😅

To give you an idea, that's roughly double the average French household's net worth (€150,000)!

We agree, Damien is obviously not a representative case of young Europeans of his generation; he's a bit of a UFO 👾

Except that "UFOs" like Damien are being seen more and more all over France - and Europe.

Why such a phenomenon?

How do these young people invest?

And above all, what impact does this have on traditional finance?

That's what we at The Big Whale set out to understand 🐳

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