Research from Rutgers University has found a link between trading cryptocurrency and compulsive gambling. Apparently, regular gamblers can view cryptocurrency trading as an additional high-risk activity — with a similar rush.
The study involved 876 adults who had gambled at least monthly in the past year — defined as regular gamblers. It found that over 50 percent of these ‘regular gamblers’ had also traded cryptocurrency in the same 12-month period.
It is almost unbelievable to think that a person who gets a buzz from risking money in the hope of a big win might gravitate towards crypto-trading — which is definitely not awash with stories of those who won big, with little to no expense or effort.
No, wait a minute.
According to the report, there is also a correlation between trading high-risk stocks and cryptocurrency.
Somebody should call the BBC!
The Best Defence
Before our regular-trading readers get all defensive, the report is not trying to vilify those who trade as an investment strategy….