Re: Older people are the most vulnerable to crypto scams
by on 14/12/2025, 10:15:44 UTC
Older people are usually less interested in online or internet-related activities. This is because, in addition to no longer needing large sums of money, their limited knowledge of such things also makes them less inclined to follow other people's advice related to the internet. Therefore, their potential for being directly deceived by internet crime is also very minimal, although on average, those who are more likely to fall victim are those who easily trust the advice of others who are essentially unaware of the matter themselves.
So instead of dwelling on potential risks, it's better to consider how much exposure older people have to the crypto industry.In my neighborhood, older people don't even own smartphones anymore. Their generation was generally less tech-savvy, so they're unwilling to risk their money on crypto, let alone get scammed.
I agree, they may be less familiar with technology, but there are people who want to keep up with technology and get involved in such things. Rarely with cryptocurrencies, but they do exist, and unfortunately, these are the best targets for scams. In general, older peoples are being pushed to do everything through their phones , pay bills, shop, etc. That’s where a serious risk of scams arises, because it’s enough to click on the wrong link and fall victim to a fraud.