Getting a Loan to Invest in Crypto? Forget About It

U.S. cryptocurrency investors are walking on thin ice on cryptocurrencies these days. Prices for high-profile cryptos are down significantly at the mid-year point.

Bitcoin, for example, has lost approximately 50% of its value in the past two months while Ethereum has fared worse, falling from $4,800 in November 2021 to $1,000 in June 2022.

You’d think downward-sliding cryptos prices would be enough to stop investors from taking excessive risks with cryptocurrencies. But if you thought so – think again, as one-fifth of crypto investors have used a loan to buy more bitcoin, Ethereum, and other investable tokens.

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Written by Bitcoin

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