Men in their 20s and 30s are speculating on bitcoin in a bid to raise house deposits, Financial Markets Authority research suggests.
And that's led the investment markets watchdog to broaden its investor education focus away from the moneyed over-50s it used to believe were highest risk for losing their money in scams, or very high-risk investing.
The FMA has published its Investor Capability Strategy detailing the widening in its priority target audience, and the reasons behind the move.
"The results of FMA and other surveys, online communication with investors and other work showed the target audience needed to be broader," said the FMA's Paul Gregory.
from
http://www.stuff.co.nz/business/money/99478098/Desperate-to-raise-house-deposits-young-men-turn-to-bitcoin
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