{"id":48128,"date":"2026-03-16T11:35:09","date_gmt":"2026-03-16T11:35:09","guid":{"rendered":"https:\/\/quickassetsmarket.com\/index.php\/2026\/03\/16\/australia-sounds-alarm-as-gen-z-turns-to-ai-for-crypto-trading-tips\/"},"modified":"2026-03-16T11:35:09","modified_gmt":"2026-03-16T11:35:09","slug":"australia-sounds-alarm-as-gen-z-turns-to-ai-for-crypto-trading-tips","status":"publish","type":"post","link":"https:\/\/quickassetsmarket.com\/index.php\/2026\/03\/16\/australia-sounds-alarm-as-gen-z-turns-to-ai-for-crypto-trading-tips\/","title":{"rendered":"Australia sounds alarm as Gen Z turns to AI for crypto trading tips"},"content":{"rendered":"
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Australia\u2019s financial regulator has raised concerns about the growing influence of social media personalities and artificial intelligence tools on the investment decisions of young Australians.<\/p>\n

A new study<\/a> from the Australian Securities and Investments Commission (ASIC) suggests many Gen Z investors rely on digital platforms for financial guidance, including crypto trading ideas.<\/p>\n

The findings show a significant share of young people trust information shared online despite the risk of misleading advice. <\/p>\n

Regulators say this trend could push inexperienced investors toward risky financial behaviour, particularly in volatile markets such as cryptocurrency.<\/p>\n

Social media financial advice<\/h2>\n

ASIC released results of a survey conducted between Nov. 28 and Dec. 10 last year involving 1,127 respondents aged between 18 and 28. <\/p>\n

According to the survey, 63% of Gen Z respondents turn to social media platforms to search for financial advice and investment guidance.<\/p>\n

YouTube remains one of the most widely used channels, with 30% of respondents relying on the platform for financial content. <\/p>\n

Artificial intelligence tools are also emerging as a source of financial guidance, with 18% of the group saying they turn to AI platforms to understand investing.<\/p>\n

Trust levels appear relatively high. The study found that 56% of Gen Z respondents somewhat or completely trust financial information they encounter on social media. <\/p>\n

Meanwhile, 52% said they trust \u201cfinfluencers,\u201d online personalities who discuss financial markets and investment strategies.<\/p>\n

AI ranked as the most trusted source, with 64% of respondents saying they rely on AI platforms for financial information.<\/p>\n

Crypto investing trends<\/h2>\n

The survey also highlighted the growing presence of cryptocurrency in the portfolios of young Australians. <\/p>\n

According to the study, 23% of Gen Z respondents now hold crypto assets.<\/p>\n

Within that group, 29% said their trading decisions are influenced by social media posts or financial influencers. <\/p>\n

Regulators warned this trend can create unrealistic expectations about profits and overlook volatility associated with digital asset markets.<\/p>\n

ASIC has previously taken action against social media personalities promoting high-risk financial products. <\/p>\n

In June last year, the regulator issued warning notices to 18 influencers suspected of unlawfully promoting financial products or providing financial advice without the required licence.<\/p>\n

Scams and retirement risks<\/h2>\n

ASIC commissioner Alan Kirkland told the Australian Financial Review that regulators are monitoring marketing campaigns on social media encouraging people to invest in crypto. <\/p>\n

Authorities identified cases where such promotions were linked to scams targeting inexperienced investors.<\/p>\n

Kirkland also pointed to Australia\u2019s superannuation system, a retirement savings sector worth about $4.5 trillion. <\/p>\n

Some advertisements encourage people to switch their superannuation funds into higher-risk investments.<\/p>\n

AI investment advice concerns<\/h2>\n

ASIC is also examining how artificial intelligence platforms provide financial information to users. Regulators are watching whether AI tools cross into regulated financial advice.<\/p>\n

Australian law requires any entity providing financial advice to hold the appropriate licence. This could apply if an AI system recommends specific financial products based on an individual\u2019s circumstances.<\/p>\n

The issue is becoming more relevant as crypto exchanges introduce AI trading assistants. <\/p>\n

Platforms such as MEXC, KuCoin and Bitget already offer automated trading guidance designed to help users navigate digital asset markets.<\/p>\n

ASIC warned in late January that firms attempting to exploit licensing grey areas involving payments, crypto services or AI technology could face regulatory scrutiny during 2026.<\/p>\n

The post Australia sounds alarm as Gen Z turns to AI for crypto trading tips<\/a> appeared first on Invezz<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Australia\u2019s financial regulator has raised concerns about the growing influence of social media personalities and artificial intelligence tools on the investment decisions of young Australians. A new study from the Australian Securities and Investments Commission (ASIC) suggests many Gen Z investors rely on digital platforms for financial guidance, including crypto trading ideas. The findings show <\/p>\n","protected":false},"author":1,"featured_media":48129,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-48128","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investing"},"_links":{"self":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/48128","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/comments?post=48128"}],"version-history":[{"count":0,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/48128\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media\/48129"}],"wp:attachment":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media?parent=48128"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/categories?post=48128"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/tags?post=48128"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}