Business

One in five Kiwis has tried or is planning to try investing into cryptocurrencies like Bitcoin. Photo / File

Investing in shares and cryptocurrency is rising in popularity and younger generations are taking it up at an even faster rate.

Nearly 40 per cent of respondents in a survey of 2000 people undertaken on behalf of the Financial Services Council said they currently use or plan to use micro investing platforms like Sharesies, Hatch or Stake.

Richard Klipin, FSC chief executive, said over the past 18 months the industry had seen an incredible rise in digital investors.

“Our research has revealed that 38.2 per cent of adult New Zealanders currently use, or plan to use, micro-investing platforms. That is about 1.5 million Kiwis and reflects a transformational shift in how we are choosing to invest our money.”

Klipin said the shift was particularly noticeable among younger New Zealanders, with around 55…

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