Do LGBTQ+ Folks Love Crypto?
There was no greater love than man and man – until now! What’s changed? Crypto! See just how much LGBTQ+ folks love crypto on this Queer Money. If you want to reach financial sustainability and financial independence, start here by getting rid of any credit card debt with the free, 7-Step Credit Card Debt Slasher.
The LGBTQ+ love affair with crypto
What does the data show about LGBTQ+ folks and crypto?
“Wow! LGBTQ+ Americans are almost as likely, 44% of us, to have a crypto wallet as we are a retirement account recent TMF/DFG LGBTQ+ Money Study.
Here are 3 reasons we think this might be so:
- All the hype around crypto over the past couple of years
- Using crypto lets you be anonymous
- Queer folks are less likely to trust financial institutions because of past discrimination
The concern: Today’s crypto market reminds us a lot of the late 90s/eary 2000 dot com bubble, and we all know how that turned out Like online businesses in the early part of the century, crypto will likely evolve into something useful For now, it’s a bit of the wild west. Therefore, there are no guarantees with crypto, only invest what you’re absolutely willing to lose and don’t invest more than 5 – 10% of your portfolio into crypto.