Fed study reveals how some Americans view risk differently

This month, the Federal Reserve Bank of Cleveland released a working paper on the behavior of American investors and revealed some astonishing findings.

On July 14, the central bank's Cleveland headquarters released a paper written by Bernardo Candia, Michael Weber, Olivier Coibion, and Yuriy Gorodnichenko in which they studied the crypto investment decisions and motives of U.S. households relative to households investing in other financial assets.

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Candia is a research economist in the Research Department at the Federal Reserve Bank of Cleveland. Weber is a finance professor at Purdue University and ESMT Berlin.

Coibion is an economics professor at the University of Texas at Austin and is affiliated with the National Bureau of Economic Research (NBER). Gorodnichenko is also an economics professor at the University of California, Berkeley, and is similarly affiliated with the NBER.

Holders' behavior shows crypto is a unique asset,

The paper, titled "Do You Even Crypto, Bro? Cryptocurrencies in Household Finance," argues that cryptocurrency is a unique financial asset as per the study based on repeated large-scale surveys of approximately 25,000 U.S. households.