A Bank for International Settlements working paper also notes that people dive into crypto not because of decentralized ideals, but because of rising prices.
from the Bank of International Settlements released Monday looked at the crypto world from 2015 to 2022 and found evidence to state what we were all already thinking, that most people, from
73 to 81% of new crypto investors, inevitably lost money on their initial investment. Most people who were buying into crypto came from Turkey, Singapore, the UK, and the U.S. during that time. Economists noted that “risk-seeking” young men under 35 are the main segment of new bitcoin investors, according to the report. Even more interesting, those newfound crypto investors aren’t getting engaged in the idea of crypto because of any high-minded ideals of decentralized finance or breaking away from big banks, but because they’re hoping to make bank after being suckered in with promises of big returns for minimal effort.
Still, the study is focused on two major events in recent crypto history that helps to inform its conclusions. The paper analyzed the shock to the bitcoin ecosystem when the Chinese governmentG/O Media may get a commissionTechnically a tablet, but it can actually be used as a laptop as well, and this model has a 256GB SSD, 8GB DDR4 RAM for high processing speed, a clean high-res 12.3" touch screen, and includes Windows 10 Pro.
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