Ask Gen Z
A breakdown of everything you gotta know about the digital currency.
Your college roommate keeps posting about how altcoin-rich she is.
A TikTok couple just got arrested forstealing $4.5 billion worth of bitcoin.
Its time to acquaint yourself with the cryptic world of crypto.
Patel first became crypto curious in college.
A friend’s Facebook status said, Go buy Bitcoin, she says.
I had no idea what this was or know why they’re telling people to buy it.
So I went down a loophole reading what is Bitcoin?
How can we invest in this?
Gills interest arose from feeling left out of themale-dominatedworld of finance.
Crypto Besties also shares free educational content through events onTwitter Spaces,Discord, andYouTube.
Here, Patel and Gill give millennials a crash course in building your digital piggy bank.
First off, what is cryptocurrency?
I cant see it.
Its not a payment option at the grocery store.
Will it be someday?
Crypto is already starting tobecome a common payment optionin a lot of places.
Is crypto the same thing as an NFT?
Patel: NFTs are non-fungible tokens, which means that they can’t be replaced by something new.
NFTs are unique and cannot be replaced.
What should crypto mean to me long-term?
Patel: Crypto is a new method of being able to invest in your future.
Traditional finance hasleft behind a lot of women and underrepresented groups.
Can you buy crypto if you have no money?
There are lots of ways to get into crypto without actually putting your own money in.
These organizations might pay you in cryptocurrency.
What are some risks of building a crypto wallet, aside from losing your investment?
Gill: The main risks are scam sites that leave you vulnerable to hacks.
One way people get hacked is via phishing and clicking on unsecured links.
Always use a trusted website thats linked to something like a verified Twitter or Instagram page.
As women in crypto, what’s one misconception you wish you’d stop hearing?
Patel: Also, that you need money to be involved in the crypto ecosystem.
There are other ways you’ve got the option to invest your time.
Should I start buying my friends NFTs for their birthdays?
Patel: Do I think NFTs are the future?
It’s unlike any other gift.
How does Gen Z approach crypto differently from millennials?
Gen Z has been more outspoken and able to take those risks considering their age profile.
This interview has been edited and condensed for clarity.
The content contained in this article is for informational purposes only.
