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I've sold all of my crypto for a while because it just felt like gambling. Recently I listened to the rational reminder podcast [0], where they dug up some stud
by Aulig 4y ago
I've sold all of my crypto for a while because it just felt like gambling. Recently I listened to the rational reminder podcast [0], where they dug up some studies that basically show that people investing in crypto think they have high financial literacy but are measurably financially illiterate. Note that the bar for financial literacy really isn't high, they discuss that in the podcast too. That really cemented my opinion about crypto.
[0] [The Rational Reminder Podcast] The Expected Returns of Financial Literacy (EP.217)
https://podcastaddict.com/episode/144952992 https://podcastaddict.com/episode/144952992
Relevant part starts at 17:40