Research Shows Hopeless Homebuyers Tend to Invest in Cryptocurrencies
According to Deep Tide TechFlow's report, on November 28, economists from the University of Chicago and Northwestern University in Illinois found that young people who are unable to buy homes are more likely to invest in high-risk assets such as cryptocurrencies. The researchers analyzed credit card transactions, wealth, and attitudes of Americans and discovered that these young individuals excel in reducing work efforts, increasing leisure spending, and investing in risky assets. In contrast, those who are likely to buy or have already purchased homes take on less risk and work harder. The study also pointed out that worsening housing affordability has prompted some people to adopt high-risk betting and 'financial nihilism' strategies.
CZ's decision from 8 years ago earned him 1000 times! Today he bought ASTER.
Friends, Just now, Binance founder CZ revealed some big news! He actually showed his holding account, which clearly displayed that he holds 2.09 million ASTER. At the current price of $0.913, this investment totals nearly $2 million! This is not the most critical part, CZ also disclosed an even more astonishing secret. When BNB was first issued 8 years ago, he bought in the first month and has held it until now, only spending a small portion in between. Just think about it, 8 years ago the ICO price of BNB was just $0.10, and now it has risen to $1000, that's a 10,000 times increase! To hold it for 8 years without selling, that determination is incredible!
Stunned by the drop! Mainstream core assets can consider slowly bottoming out...
Has the market ended? Impossible. Is everyone in a short position or a long position?
It seems that buying expectations and selling reality also apply to the cryptocurrency circle! The interest rate cut expectations have been speculated for months, and it finally happened!
Everyone didn't wait for a surge, but instead encountered a crash… Actually, this script was already rehearsed last year!
After Trump took office, a significant adjustment also came. It kept falling until after the New Year, and many people were hoping for a year-end rally, but what they got was a crash.
Isn't it a bit like now? Fortunately, the interest rate cut cycle has just begun, and there are at least 5 more expected cuts to come.