Wall Street

Americans Are Borrowing Money, Using Credit Cards To Buy Cryptocurrency

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ValueWalk

Cryptocurrency investing has been a wild ride lately. So what happens when you combine the tempting prospect of new global currencies and unprecedentedly low prices, but you don’t have any cash to invest? Americans are turning to lenders. And as many investors are currently adding up their losses, others are doubling down, using loans to fund more cryptocurrency purchases as they try to time the market to predict when prices will hit rock bottom. Q1 2022 hedge fund letters, conferences and more Many of these borrowers are already struggling. More than 32% of cryptocurrency investors have used …

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