2min chapter

Animal Spirits Podcast cover image

Buy the Dip is Dead (EP.288)

Animal Spirits Podcast

CHAPTER

The Economy Isn't Going to Be a Perfect Economy, Unless Everyone Is Winning

The economy is made up of winners and losers, it can't be any other way. JP Morgan did a report showing that the share of the population that had ever transferred funds to a crypto related account tripled during the pandemic. They've got a nifty chart showing that the majority of new crypto users made their first transactions in a set of days spanning less than five months,. All of which coincide with the trailing monthly price change exceeding 25%.

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