Crypto astrologists say planetary shifts move markets. Skeptics call it nonsense. But crypto astrology might make you a better trader anyway.
While many crypto traders are busying themselves with wacky Fibonnaci charts and Bollinger Bands, theres a growing cohort of traders who say prices can be predicted by crypto astrology.
Psychic services, which include astrology and other divinations, have become a $2.2-billion business in the US alone, and some forecasts estimate astrology could be a $22.8-billion industry by 2031.
Meanwhile, a recent Pew Research Center Study that surveyed 9,593 Americans found that in 2024, about 28% of people said they consulted astrology at least once a year. Social media is also chock-full of stock and crypto traders who claim to use their high self to win in the stock market.
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Author: Felix Ng