Are You a Crypto Addict? Freetrade Executive Says Bitcoin is a 'Gateway Drug' for Millennial Traders

Whether it's short or long position trading, cryptocurrency investment is a highly absorbing field for new and existing buyers alike. BTC this year, the generation of Millennials that have grown up around cryptocurrency they are at risk of becoming a gateway drug, leading them into other areas of stock market trading.

This is according to Adam Dodds, the founder of the new and emerging Fintech company, Freetrade, in which he comments on the impact.

Marijuana or Heroin, "It was like a gateway to drug, but it was a drug leading to something better," according to the entrepreneur, who officially launched the company last month.

Across the span of December 2017 right to now, Bitcoin has undergone a dramatic, negative roller coaster, surging to hit at $ 20,000 in December 2017, falling to hit $ 3,100 in the same time this year.

The surge in the value of Bitcoin and its tumultuous rise and fall has served as a gateway to drugs.

Dodds went on to argue that it has been moved to a digital asset which is volatile.

"Young people are waking up to the point where they can invest their money in a smarter way"

Freetrade, the startup based in the UK, has officially developed and launched an app which enables its existing, newly youthful consumer base of over 10,000 to take part in the UK trade. The plus side of this application is that with no transaction fees to buy and sell.

While this method of investing does not provide the same for the volatility presented by the likes of Bitcoin and Ethereum, they are not without their issues. Stocks within the United Kingdom have been on a constant basis with the repercussions of uncertainty thanks to the ongoing developments surrounding Brexit.

Mr. Dodds does not have a significant impact on the app.

In this period of uncertainty from the crypto market, Dodds continues,

"It is not the case that it is not the case that it is".

"The stock market is not the hottest thing right now. "There are market ups, but it is actually the best time to start buying," said Mr Dodds.

He argued that people should still take the opportunity to "Experiment" with various cryptocurrencies, and investing in it as a "bit of fun."