Unfortunately, lots of people are indeed going into debt for crypto. That’s what happens when unregulated gambling becomes widely available. “Survey: Americans

Unfortunately, lots of people are indeed going into debt for crypto. That’s what happens when unregulated gambling becomes widely available. “Survey: Americans Borrow Money, Default on Bills to Buy Cryptocurrency More than 32% of cryptocurrency investors have used a payday loan in the past, and 11% have used a payday loan or title loan to invest in cryptocurrency, in spite of triple-digit interest rates… About 21% of crypto-investors said they’ve used a loan to pay for their cryptocurrency investments. Personal loans were most popular, but payday loans, title loans, mortgage refinances, home equity loans and leftover student loan funds also have been utilized… Investors are going into debt: Almost 19% of respondents said they’ve struggled to pay at least one bill due to the amount of money they’ve invested in cryptocurrency, and about 15% said they’ve worried about eviction, foreclosure or car repossession due to their investing… More than 35% have used a credit card to purchase cryptocurrency, with about 20% of those paying it off when the bill came due, and another 14% are paying it off incrementally with either an 0% APR introductory offer or at the full interest rate, while 1% maxed out their card altogether…” https://debthammer.org/cryptocurrency-survey/ https://debthammer.org/cryptocurrency-survey/ (shout-out to Molly White @molly0xFFF for continuing to meticulously document this disaster at https://web3isgoinggreat.com https://web3isgoinggreat.com)