Bitcoin price gains pull new investors into crypto, Fed experiment shows

What the source reports

Bitcoin price gains can draw new buyers into crypto by lifting expectations for future returns, a Federal Reserve Bank of Cleveland experiment found. According to the report, participants shown Bitcoin's previous 12-month performance became more bullish on crypto. They were about 2.5 percentage points more likely to own it in a later survey, researchers found. […]The postBitcoin price gains pull n...