A survey by the shows that #Canadians with low financial literacy are twice as likely to buy #Bitcoin. This proves the old adage that there is a sucker born every minute.
"The price of bitcoin isn’t what interests Twitter’s crypto vanguard—they care more about usage and the elegance of the underlying technology [whereas] the average bitcoiner’s focus is on the price of bitcoin." on bitcoin and brains. 1/2
I wrote about the Bank of Canada's findings on bitcoin/crypto financial literacy. I do worry that principled crypto elites may be unintentionally validating problem gamblers: