RE: LeoThread 2025-03-17 19:56
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It's not news, exactly. People will have paid their taxes for 2023 and can now start putting cash towards crypto.
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You are viewing a single comment's thread:
It's not news, exactly. People will have paid their taxes for 2023 and can now start putting cash towards crypto.
Why do we always think people would put money into crypto, are there not other investment options or people don't have anything else to do with their money?
For many people, crypto is more liquid than equities. You can sell BTC and have cash in the bank within the hour. Other investments take a day or more to liquidate. I think it's mostly convenience.
It is the youth my friend. This is really their only opportunity currently to get into a greatly appreciating asset. They grew up only knowing digitization of the world. When they start getting payments from DOGE where else would they put it if they want to invest?
That could be part of it for sure.