The Hazards of Asset Allocation in a Late-Stage Major Bubble

Re:The Hazards of Asset Allocation in a Late-Stage Major Bubble by papabrown on Sunday February 14, 2021 @09:08PM (#26138271)

I 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.

[ Parent | on HN ]

Re:The Hazards of Asset Allocation in a Late-Stage Major Bubble by gverrilla on Sunday February 14, 2021 @09:26PM (#26138385)

> Only about 1.3% of the planet has ever owned Bitcoin. Source?

[ Parent | on HN ]

Re:The Hazards of Asset Allocation in a Late-Stage Major Bubble by papabrown on Monday February 15, 2021 @12:05AM (#26139302)

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.

[ Parent | on HN ]