Exclusivity and the thrill of owning something others don’t have are the primary reasons millennials are veering towards digital assets. In addition to legal challenges, the taxation of gains on crypto investments also comes with uncertainty. In fact, the lack of clarity has also warded off some wary millennials from investing in crypto assets. “Millennials or otherwise, investors should remember that NFTs, crypto and collectibles must be looked at as alternative investments and not be mixed with traditional investments. The huge volatility in crypto assets in the past few months has highlighted the risk that comes along with alternative investments.

Source: Mint June 06, 2021 19:52 UTC