We’re continuing to track an unprecedented surge in asset diversification from retail investors:
Consumer Mentions of investments in cryptocurrency are trending +735% YoY in the past month.
Mentions of investments in precious metals (gold, silver, and platinum) are also soaring, +127% YoY in the past 30 days.
What is the driving force behind this massive wealth migration?
LikeFolio data points to one contributing factor: Awareness of the Federal Reserve.
Consumer Mentions of the U.S’s central bank have been steadily rising over time, currently up +52% YoY in the past month. It’s no secret that 'The Fed' is printing money like there’s no tomorrow, and a growing number of Americans are taking notice.