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Author: Admin | 2025-04-27
Bitcoin. They also wanted to know if there was any potential harm associated with owning such a large amount of Bitcoins.What Were The Results Of The MIT Experiment?After the six-month period, the team analyzed the data collected from the participants of the experiment, and it turned out the majority of people used their free money on beers, sushi, dinners, or textbooks. Understandable being broke college students, but for college students at MIT you’d think they’d be less broke — regardless most sold or spent their crypto in the first months.After six years they did so again and it turned out that the gains were huge for the bitcoin holders. For example, someone who got 10 bitcoins saw a gain of 9,967%. Another person who got 50 bitcoins gained 5,842% before selling, while another saw a gain of 4,769% cashing out. Overall for the diamond-handers, those who participated in the experiment and didn’t sell, their return was 13,000% and six years later. The few students who held the Bitcoin for all these years explained that they saw the value growing, in some cases to life-changing amounts of money, and just decided not to cash out — as they didn’t absolutely need the money and they received the bitcoin for free, so why not see where they go?Most of the students kept their coins in cold storage (offline) while a few others lost their coins due to hacking or technical issues. However, given the total amount of people participating and the amount
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