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Nearly half of young UK investors jump into crypto for first-time bets

Many young people viewed cryptocurrency as a good place to store their savings

Research published by Interactive Investor showed 45% of new investors aged 18 to 29 made their maiden investments in cryptocurrencies last month
Research published by Interactive Investor showed 45% of new investors aged 18 to 29 made their maiden investments in cryptocurrencies last month Photo: Getty Images

Crypto is by far the most popular target for young Brits investing for the first time, as the appeal of traditional investment vehicles faltered during the bitcoin boom.

Research published by Interactive Investor showed 45% of new investors aged 18 to 29 made their maiden investments in cryptocurrencies last month — more than twice the number of people who had first invested via funds, at 23%.

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