Past Bitcoin returns can dramatically change investor behavior

INTERESTING: A new Federal Reserve study found that showing people Bitcoin's historical returns increased their intended crypto allocation by 47%.
The Fed says this can create a feedback loop where past gains attract new buyers, those buyers push prices higher, and stronger performance attracts even more capital.
The study also found that 87% of non-owners had little idea what return to expect from crypto.
Once they were shown historical performance, their willingness to allocate increased sharply.
For $BTC, momentum can influence not only traders but also entirely new pools of potential investors.