Crypto; just another place to put your money

Marlborough businessman Aaron Roberts says crypto has a “very small barrier to entry” compared to other investment areas.

SCOTT HAMMOND/STUFF/Marlborough Express

Marlborough businessman Aaron Roberts says crypto has a “very small barrier to entry” compared to other investment areas.

Two Marlborough businessmen have shared their cryptocurrency experiences with Stuff, as the online commodity increases in popularity.

Heat Pumps NOW area manager Aaron Roberts said at one point, his initial crypto investments saw a 500 per cent increase in value.

This number had since dropped significantly, but Roberts still thought these gains were “very impressive”.

“Much like shares or the stock market, this is just another place for me to put my money in and potentially get more from it,” he said.

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Mark Unwin, founder of Viaduct which was sold to become SmartPay, said he’s been involved in crypto for around three years and reckons his crypto investments were “certainly worth more” than what he paid for them.

Though, there had been “a lot of ups and downs” along the way, he said.

Unwin likened crypto to any other type of market where people invest money, and said “you don’t see a lot of people saying how much money they’ve lost, but you do see proof of how much money they’ve made”.

Crypto trading platform Easy Crypto claimed they surveyed around 1000 New Zealanders including people from Marlborough earlier this year.

Easy Crypto co-founder Janine Grainger says crypto is an investment class that’s open to younger people compared to areas like the housing market.

Easy Crypto/Supplied

Easy Crypto co-founder Janine Grainger says crypto is an investment class that’s open to younger people compared to areas like the housing market.

These results showed 18.4 per cent of adult New Zealanders already had crypto investments.

Easy Crypto founder and chief executive Janine Grainger said “we just wanted to understand what the landscape’s like in New Zealand”.

Unwin thought there was “more and more” people in Marlborough investing in…

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