Herd Mentality

US crypto market characterized by top-buying 'herd-like behavior,' JPMorgan finds

I suspect banksters know a thing or two about inducing herd behaviour through propaganda.

the report: The Dynamics and Demographics of U.S. Household Crypto-Asset Use

Look at Figure.1 and you'll see how many newbs were sucked into the second rally to $69k - at least in the US. Those must surely be feeling some pain, or regret.

But here's the kicker...

Our analysis suggests that policymakers concerned with investor protection should consider the wide range of financial sophistication across the user base. The extent of crypto usage—in terms of the number of individuals involved and the depth of involvement—is higher for those with higher incomes. However, compared with investors in traditional investment accounts, the median crypto user is more likely to come from lower rungs of the income ladder and is more likely to be young and male. Crypto-assets may therefore merit a differentiated policy approach—compared with the existing architecture for traditional markets (e.g., stocks and bonds)—to effectively protect investors and the economy.

Regulate away the freedom to make mistakes.

However, on another planet, yet the same herd...

Huge number of homebuyers now underwater in Biden’s economy, with ‘early’ delinquencies hitting 2009 levels. [If Natural News is blocked, you can read it at Black Knight]

Now, according to a new analysis from Black Knight, there were around 450,000 homeowners who owe more than their house was worth as the third quarter ended. Of that figure, about 60 percent — roughly 270,000 — bought homes during the first nine months of this year. And the analysis noted further 8 percent of mortgages taken out in 2022 are marginally underwater, with another 20 percent having very low equity.

Now, I wonder who is currently worse off: the crypto newbs or the new home "owners"?