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Crypto Owners: Still Clueless Even When Their Investments Quadruple (But Don’t Worry, There’s Always Next Week)

News 1 Kevin Nelson September 9, 2024

A figure stands at an ATM-like machine with a cryptocurrency logo on it, looking puzzled as the money pours out but they still seem uncertain about what to do. In the background, a graph shows rising prices and fluctuating lines.

It’s official: crypto is still a scam, even when it goes up! A new report from the Federal Reserve Bank of Philadelphia’s Consumer Finance Institute found that despite bitcoin prices surging since October 2023, ownership rates have not followed suit. Because let’s be real, folks, there are just as many gullible idiots out there who want to get rich quick and can’t tell a Ponzi scheme when they see one.

Source: bitcoin.com

Fed Report Explores How Crypto Price Changes Affect Ownership
https://news.bitcoin.com/fed-report-explores-how-crypto-price-changes-affect-ownership
A report by the Federal Reserve Bank of Philadelphia’s Consumer Finance Institute found that cryptocurrency ownership declined during market downturns, despite price increases in bitcoin. Data from multiple surveys showed that crypto interest and ownership did not rise, even as prices surged. The report suggests further research into consumer behavior in response to market fluctuations is needed. The Federal Reserve Bank of Philadelphia’s Consumer Finance Institute (CFI) released a report […]

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Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

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About the author

Kevin Nelson

Kevin’s foray into cryptocurrency trading was a full-scale disaster. His obsession with chasing trends and leveraging obscure assets led to a catastrophic loss of his entire life savings. Now, Kevin’s articles are a venomous mix of bitter humor and harsh reality checks, exposing the chaotic and treacherous world of crypto trading. His catchphrase: “I went from trading genius to broke fool in record time. Welcome to crypto—where the only thing guaranteed is your financial ruin.”

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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