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.
gambling is not investment :-)
That's a good sign. Swiss bankers shitting their pants.
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