It would be interesting to see what kinds of percentages there are in various demographics. I would suspect that in the richest percentiles, they don't have much crypto.
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RE: Going crypto legit
It would be interesting to see what kinds of percentages there are in various demographics. I would suspect that in the richest percentiles, they don't have much crypto.
Hmmm... You're probably right. And if you are, I think crypto's volatility and unpredictability are the reasons for that.
When people have less money they tend to look at a bigger risk/reward ratio as a way to get somewhere they want to go (financially). Whereas people with enormous wealth are already at or close to where they want to be and generally feel more inclined to "protect" their wealth and "manage" it than to make an enormous gain if it's pitted against the risk of an enormous loss.
Plus, a 20–40% loss on a $100M dollar investment is a YUUUUGGGEE chunk of change to lose. Lol. That's a few lifetimes' of cash for a normal person.
It would be interesting to see what the ratio is.