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Bram invests in crypto: ‘It looks like the value will continue to rise’

04 sep 2024

What sets Generation Z apart from other generations? What drives today’s youth, and what keeps them awake at night? No one can tell us better than Gen Z themselves. That's why we are portraying 24 students from Radboud University. In this episode: Bram van Zon, 24, Master's in Data Science and Society in Tilburg, Bachelor's in Business Administration in Nijmegen, is interested in Bitcoin and other crypto currencies.

‘Making quick money is not my goal. I’m mostly interested in the idea of an alternative currency. Basically, you put banks and governments out of business by trading in crypto. Will crypto eventually become the new currency? It’s hard to say.

Everyone is paying by card these days, of course, and banks are not just going to let go of that. Every so often, new crypto coins also appear on the market that can supposedly be used to make real payments. Many of these projects turn out to be unprofitable, or even a scam. But the technology is there.

I personally got into Bitcoin in 2018. I invested approximately €2,000, which is now worth about €5,000. Through social media, I keep an eye on stock prices, and other good investments. I’m not planning to get paid out in the near future; it looks like the value will continue to rise.

Actually, it’s kind of the same as when people used to trade stocks. But the information is easy to find online, and you can buy and sell crypto with just a few clicks on your phone. That makes the threshold much lower.

Unfortunately, there is sometimes a certain stigma around crypto trading. People see on social media these alpha males flaunting their wealth, or extremist figures sharing economic models alongside their conspiracy theories. Fortunately, not everyone is like that. I especially like the financial idea behind it. Later, I would like to work in the investment world, so this is a good learning opportunity for me.’

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