Thrill-Seeking Drives Investors to Trade Crypto, Study Finds
Investors who trade crypto tend to take bigger risks in the stock market, suggesting they seek dopamine more than diversification, a study found.
Bitcoin suffered its biggest drop in seven years, as fears over the spreading coronavirus triggered a new wave of selling in everything from stocks and junk bonds to cryptocurrencies.
As U.S. stocks tumbled on Monday by the most in six months amid renewed coronavirus fears, bitcoin barely budged - at least in terms of the notoriously volatile cryptocurrency’s trading history.
It turns out cold, hard cash with a helping of government bonds - not bitcoin or gold - is where people turn in the face of a pandemic and "apocalyptic" market turmoil.
Despite the downtrend in the latter half of 2019, bitcoin is on track to significantly outperform gold and stocks.
Large-cap cryptocurrencies had a phenomenal year and remain one of the greatest investment success stories of the decade.