Gains

Coin

<ul class="news-points"> 
 <li>In a recent paper, a group of researchers studied the impact of crypto gains on the American economy.</li> 
 <li>The study unveils that the crypto gains were not spent on luxurious items but on home purchases, real estate etc.</li> 
 <li>Researchers posit that crypto gains cannot be compared to a lottery win or gambling.</li> 
</ul> 
A recent Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-05-05/lamborghini-bros-no-more-crypto-is-creating-a-new-wealth-effect" target="_blank" rel="nofollow">report</a> spotted a group of researchers who studied the “wealth effect” of cryptocurrencies in the American economy. The researchers identified that the unexpected gains from crypto were not spent on luxury items like Lamborghini, as often narrated on social media. 
Notably, researchers like Darren Aiello and Noelle Acheson presented the paper to the Federal Deposit Insurance Corp. in March. Darren Aiello, Assistant Professor of Finance at Brigham Young University’s Marriott School of Business, asserted that investors spend their gains in a pattern that resembles traditional equity investments. He stated, 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 “If households tend to treat crypto like gambling, then we would expect them to spend their gains in similar ways as lottery winners do. In contrast, our estimates suggest that household spending out of crypto gains is more like the p…
</blockquote>
The post <a href="https://coinedition.com/crypto-gains-are-not-spent-on-luxury-researchers-unveil/">Crypto Gains Are Not Spent on Luxury, Researchers Unveil</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Crypto Gains Are Not Spent on Luxury, Researchers Unveil

Coin Edition

Weitere Artikel, die am 6. Mai 2024 veröffentlicht wurden

Arthur Hayes Adds to Seven-Figure Altcoin Position With $500,000 Purchase of DeFi Token

Dow Jones Ascends Preceding Federal Reserve Addresses; Buffett’s Stocks See Reversal Amid Earning...

BTCC Exchange Launches World Trading Competition with Record-breaking 10M USDT in Prize Pools

Jack Dorsey Exits Bluesky Board, Applauds Elon Musk’s Cryptocurrency X: Impact on Coin Market (X)

BlockDAG Expanded Payment Methods to BTC & XRP As Avalanche Forms Partnerships, Amid Fluctuating ...

Dogecoin (DOGE) Skyrockets Amidst Bullish Surge, Bitcoin (BTC) Price Bounces Back: May 6 Crypto M...

Abonniere unseren kostenlosen Newsletter und erhalte tägliche Krypto-Updates!