Many everyday investors still bet cryptocurrencies are their best chance at building significant wealth
Digital currencies’ bruising losses and big risks haven’t swayed those who say other paths to wealth aren’t accessible to them
Crypto imploded in 2022, as investors lost faith in digital assets. But unlike other collapses, it has largely avoided rippling into other markets. WSJ explains how crypto became so interconnected. Illustration: Mallory BranganThe 2022 crypto crash wiped out roughly $1 trillion in value and scared off many investors. But not all of them.
A number of everyday investors say they are continuing to put their money into crypto because they believe digital currencies are their best chance at building significant wealth. Some 39% of crypto owners said last October that they would likely buy more, according to survey data from the Philadelphia Fed.
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