Teen buys crypto because she wants a ‘slice of the future’

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Chloe McCormick believes cryptocurrencies are the way of the future, but wants fellow investors to be aware of the risks in the nascent market.

“But such things [like scams and rug-pulls] were not invented recently. We’ve got that in the traditional economy, but just like monetary systems have evolved over the last hundred years, these will harden too.”

“So I think, before you’re getting into these situations of investing, make sure that you get information from credible sources because there may be good sources on YouTube, but credible is a different word.” It’s just really thrilling to feel like you’re a part of the future and a part of something really big.The student said she identified with advice given by Chloe White, the managing director of blockchain regulation consultancy Genesis Block,Speaking at the cryptocurrency summit, Ms White said she started by dedicating 0.5 per cent of her portfolio to cryptocurrency.

Ms McCormick invests across ethereum, bitcoin, solana and polka dot using a crypto trust account held in her mother’s name.Her parents had been converted to cryptocurrency by watching her investments, she added.

 

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