Is bitcoin child's play? Why it's time to start educating youngsters on the risks of investing

Financial education vital post-Reddit and GameStop

Lauren Mason
clock • 3 min read
Investment Week editor Lauren Mason

Investment Week editor Lauren Mason

Last week, bitcoin hit the headlines for its dramatic 30% one-day price fall, which also marked a 50% tumble over the past month.

An unusual combination of culprits were cited - Tesla CEO and entrepreneur Elon Musk's swift U-turn on the cryptocurrency after deciding he would no longer accept payment in bitcoin; and the People's Bank of China, who banned banks from providing services related to crypto transactions, arguing it is not "real currency". The torrid combination led to an unprecedented number of liquidations recorded last Wednesday (19 May), resulting in crypto exchange giants Binance and Coinbase temporarily suspending withdrawals due to congestion issues. By close of play, more than 800,000 investors,...

To continue reading this article...

Join Investment Week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week


More on Markets

The Managed Funds Association has said that short selling could help reallocate $50-140bn of capital away from the most heavily polluting companies.

Shorting for ESG: Could liquid alternatives be part of the next wave of responsible investments?

An ongoing debate for the industry

clock 28 June 2022 • 7 min read
Industry Voice: PIMCO Secular Outlook

Industry Voice: PIMCO Secular Outlook

Reaching for Resilience

clock 28 June 2022 • 2 min read
Market Movers Blog: S&P 500 slides into bear market

Market Movers Blog: SEC chair Gensler terms bitcoin a commodity

Latest news and analysis

Investment Week
clock 27 June 2022 • 1 min read