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Evening Standard
Evening Standard
World
Amy Francombe

Billion dollar babies: meet the teenagers making a fortune off cryptocurrency

As the world’s youngest cryptocurrency entrepreneur and creator, Youssof Altoukhi doesn’t live the life of a regular 16-year-old. Right now he is in Los Angeles for a conference held by NFT platform Rarible, where he is rubbing shoulders with industry leaders three times his age. Other recent business trips include Dubai and Geneva, where he either flies in by private jet or in first class, all self-funded from his various crypto investments.

While he might seem like a glitch in the matrix, Youssof is actually one of the incredible 1.3 million British children who have now invested in cryptocurrency — the radical, decentralised digital money designed to be used over the internet. In fact, according to a report by teen neobank GoHenry, in 2021 children earned £148 million, representing a 9 per cent increase in earnings per child since 2020. That’s more than double the average wage growth for adults, which is largely thanks to their growing interest in crypto.

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