News for hackers. Stuff that matters.
Re:Americans prefer crypto over a traditional savings accoun... by i67vw3 on Thursday February 10, 2022 @08:04AM (#30285455)
When people hold cryptocurrencies, most of them hold for few hundred/thousand dollars. They may hold it for short term or long term for investing/trading/fun or to pay using actual crypto. Eg., I may hold $100 of bitcoin and $10 of dogecoin.

Compared to deposits in savings account or long term fixed deposits, the amount in them is quite high compared to cryptocurrencies for most individuals.

The statistics/data 'may' be correct, but it does not mean that normal users prefer crypto to savings account. Most of the population does not even know what cryptocurrencies are in general (except for bitcoin) and usually associate them with some type of scam.

There are no comments on this comment yet.