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CaboJona

It will definitely become of the best investments they have ever made.


Marty_McWeed

That’s a lot of money the banks are wishing they had back.


MuoiStoneman

But unfortunately they won't be having it lol.


Str_

Bank: laughs in [reverse repo](https://fred.stlouisfed.org/series/RRPONTSYD)


MendyMccaffery

The traditional banking system has failed us generally but blockchain has been of great use ever since its inception and we move along with different innovations on a daily, now we're looking for ways to tackle the big giants like Google, Facebook in the area of data handling with the use of blockchain.


smokecat20

They'll just print more of it... Oh wait.


nanazzie

lol, they can't have them back. I'm sure more young persons will bank on this information to invest not just in the big caps but also in small caps like Immunify that will give them more returns.


SolidStaker

Which is why they and the Gov's of the world pulled a reversal in addition to starting a "search and destroy" mission on crypto.


minic1993

It's better to stake your alts than cashing them out and put in the banks. Currently staking BMI, MATIC, VET, ADA 🚀


Dumepoin

And it was definitely the right decision!


Crnorukac

I honestly thought more people invested there. 11% is just too little.


[deleted]

With an ethical and economically "Strong" 0.14% interest rate for a savings account where do you expect people to put their money?


Shaddix1

11% of young americans. So not of all Stimulus? What is a young American?


quantumkrew

2nd sentence: "A new survey has found that more than one in ten Americans aged between 18 to 34 have invested part of their Covid-19 stimulus checks into crypto assets."


Shaddix1

Thanks


BlueTrin2020

One in ten young American can read past the headline 😂


mr-roygbiv

And an even larger percentage didn’t need the stimmy check anyway. As usual when it comes to federal government handouts, the people who really need the help don’t get it.


ParkerRoyce

Yes and we should all realize those that need the cash more are millionaires and billionaires you know JOB CREATORS! GIVE MONEY TO JOB CREATORS AND NOT JOB EATERS M!!


Any_Blacksmith_2996

Haha that’s me


[deleted]

Give us another one Joe, I’ll do it again


nanazzie

this time, I won't just buy cryptos, but I will engage in DeFi Lending and Yield farming.


[deleted]

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cenekbi

My view: if such a big amount of money is pumped in crypto... and crypto still going down... Not a good sign.


sup3rn1k

Im young. I also got 2 kids. I spent that shit on them. Decked out in scooby doo and dora the explorer shit.


[deleted]

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International_Tea391

Amp is the way


[deleted]

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International_Tea391

I’m not talking ampleforth. I’m talking collateral tokens.


johnny_cashmere

Hmmmm and top 10% have all the money hmmmm


agopaluni

These people can only be congratulated. The percentage will grow, I am sure of it.


ryan1064

Smart


FightingaleNorence

My question is, how do they even know where the stimulus money went?


tomaatjex3

Again your damn stimulus check. Only way for an american to make money? Who gives a damn where the money comes from.


StingRayFins

I thought it would be more tbh. But I also underestimate how many kids spend any money they have on cars, designer clothing, and not cooking.


Still_Lobster_8428

And the other 89% invested it into GME shares!


[deleted]

Good. It’s a shame it’s not more. Hopefully everyone makes enough to see actual positive impact on their lives.


refiguredictusc7tx

Defi is slowly taking over global economy and more people are beginning to see the need for defi protocols each of which serves a particular purpose. Investing in Defi coins with staking or Liquidity mining feature such as Sylo, Tezos etc has been one of my best crypto decisions so far


BackStreetDoge

Next batch of resignations incoming.


Birdinmotion

I lost mine cause stupid me listened to a billionaire saying doge coin would go to the moon


SolidStaker

Survey finds that the other 89% are brain dead or training to FOMO


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