ASIC Sounds Alarm as Gen Z Turns to Finfluencers for Crypto and Financial Advice
A new ASIC survey reveals that 63% of Gen Z Australians seek financial advice on social media, with a significant portion relying on 'finfluencers' and AI tools. The regulator warns that algorithmic content often prioritizes engagement over accuracy, leading to speculative and risky investment behaviors in the cryptocurrency market.