Here's How the Housing Market Is Driving Cryptocurrencies in 2024
What do Bitcoin (CRYPTO: BTC), Solana, Dogecoin (CRYPTO: DOGE), and other cryptocurrencies have in common with penny stocks and sports gambling? If you guessed "they're all places where excess capital migrates for the purpose of financial speculation," you're thinking along the right lines.
But why would investors prefer these risky bets when there are safer investments like real estate available? As it turns out, the situation in the real estate market is actually one of the factors driving money toward crypto -- at least, it has been recently.
As you've probably heard, the housing market is exceptionally difficult for buyers right now. But understanding why is key to appreciating the market's impact on cryptocurrencies.
Source Fool.com
