Are cryptocurrencies a worthwhile investment? Experts analyse 'financial literacy'

People getting involved in altcoins as they hit the mainstream will enter with less expertise, however.

Experts have now confirmed this is the case, as studies show “financial illiterates” tend to invest in cryptocurrencies more.

Last year, when the latest coins still resided on the fringe, the Bank of Canada’s 2019 Cash Alternative Survey debuted in August.

The bank discovered financial literacy – which it defines as a basic understanding of investing and saving – correlated positively with an awareness of cryptocurrencies.


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