Struck — a South African-born, Los Angeles-raised venture capitalist — says young people today have more access to personal financial tools and information than any generation prior.
“I was lucky to have good mentors around me guiding me in the right direction,” says Struck of his early financial success. The best advice he received at that age, he says, was “take care of the pennies and the dollars will take care of themselves.”He says that social media content often paints wealth primarily as an enabler of a lavish lifestyle. But for Struck, becoming a multimillionaire before his 25th birthday was much more than that.
“We envision a future where all forms of assets can be tokenized on the blockchain, allowing individuals or enterprises to exchange ownership and value associated with those assets free from brokers or third parties that do nothing more than ‘tax’ and slow down the transaction,” he said. “Regulation always lags behind core technology innovation,” said Struck. “We are confident that the FTX collapse will spur a wave of regulation that should make crypto safer for consumers in the future, paving the way for mass adoption.”Struck’s primary piece of financial advice for the next generation, however, has nothing to do with money at all.
Struck also believes the future will also be largely shaped by what he calls a “new industrial revolution,” as the world moves from fossil fuels to renewable energy sources.
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