Somewhere between 73 and 81 percent of retail Bitcoin buyers are likely to have lost money on their investment, according to research published Monday by the Bank of International Settlements .
They found that when the price of Bitcoin rises, more people decide to download and use crypto exchange apps. These users, the researchers observed, are disproportionately younger and male – the most risk-seeking segment of the population. And this group ends up fueling the profits of larger investors, who sell their holdings as new market participants drive up the price.
Source: News Formal (newsformal.com)
gambling is not investment :-)
That's a good sign. Swiss bankers shitting their pants.
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