Cleveland Fed just confirmed what we already knew: people buy crypto because number go up.
Surveyed thousands of Americans. Result? Almost no one's using it for anonymous transfers or daily payments. The real reason? Pure price expectation. Show someone $BTC's last 12 months and their likelihood to buy jumps 23%. Classic FOMO.
Unlike stocks where income or education matters, crypto ownership is driven by optimism and hype. Green candles pull people in. They think they'll get rich overnight.
But if you've been here through a few cycles, you know the game changes. Chasing pumps burns you out. Holding solid projects through the noise? That's what actually works long-term.
The study just put data on what every vet already felt.
Surveyed thousands of Americans. Result? Almost no one's using it for anonymous transfers or daily payments. The real reason? Pure price expectation. Show someone $BTC's last 12 months and their likelihood to buy jumps 23%. Classic FOMO.
Unlike stocks where income or education matters, crypto ownership is driven by optimism and hype. Green candles pull people in. They think they'll get rich overnight.
But if you've been here through a few cycles, you know the game changes. Chasing pumps burns you out. Holding solid projects through the noise? That's what actually works long-term.
The study just put data on what every vet already felt.
