According to a joint report by the CFA Institute and FINRA, Gen Z investors prefer to invest in crypto due to their exposure to technology, social media, and easy investment access. However, experts warn that relying solely on crypto in an investment portfolio is risky due to its volatility.

The report also highlights that Gen Z investors should carefully assess risk and avoid being solely influenced by FOMO or social media influencers when making investment decisions. The Securities and Exchange Commission (SEC) has recently sued Coinbase and Binance, two of the largest crypto exchanges, for various alleged securities violations, including selling unregistered securities to the public.