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I presume most of today’s stock owners are actually owners of 401k account which invests in something like Vanguard Target retirement fund. As a result, they kn
by xyzzyz 6y ago
I presume most of today’s stock owners are actually owners of 401k account which invests in something like Vanguard Target retirement fund. As a result, they know pretty much nothing about stocks, yet they do own them.
- papabrown 6y agoI would presume that as well. However, that doesn't negate the fact that 10% vs 55% is a considerable gap. In 1929 if the shoeshine guy was giving you stock tips, it signaled a very different level of market euphoria than today when your gym trainer is talking about stocks. Also, today we live in a world where there's just so much more accessibility to information. Only about 1.3% of the planet has ever owned Bitcoin. About 13% of Americans have ever owned Bitcoin but 90% of Americans surveyed have heard of Bitcoin. I don't mean this to be about Bitcoin, only trying to point out the massive gap between something that is relatively niche, and the number of news articles/stories, discussion, etc about it.
- gverrilla 6y ago> Only about 1.3% of the planet has ever owned Bitcoin. Source?
- papabrown 6y agohttps://www.buybitcoinworldwide.com/how-many-bitcoin-users/ https://www.buybitcoinworldwide.com/how-many-bitcoin-users/ >With one study suggesting ~25 million cryptocurrency traders outside the USA & Europe, it seems quite likely there are over 100 million owners of bitcoins. >If true, it means about 1.3% of the world's population owns bitcoin. I've seen a few other sources make a similar estimate using different methodologies.