@michaelmcclane

@michaelmcclane "A 2025 paper by researchers at Northwestern and the University of Chicago found that crypto investing is most common among middle- and lower-middle-class renters. On its own, this fact is sort of bizarre: For most asset classes, investments rise with income. But these renters, who are on the verge of homeownership, seem to be 'gambling for redemption'."

0 reply

0 recast

1 reaction