JOHANNA NOBLE | MONEY EDITOR
Getting rich overnight sounds great — of course young people are hooked on crypto
The Sunday Times
My uncle was a gambler; horses were his poison. My mum (his sister) used to find him on payday at the local race course, haemorrhaging his monthly pay within a matter of hours.
A gambling addiction can be devastating for those affected and everyone around them. Whether it’s slot machines, online games or betting on the races, it can have many faces.
But could some types of investments be seen as gambling too?
A group of MPs seems to think so. It has urged the government to start treating retail investment in cryptocurrencies such as bitcoin as a form of gambling.
The Treasury select committee warned this week that the value of crypto assets can change dramatically and consumers risk losing their entire investment —
