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

Alte articole publicate pe 6 mai 2024

Federal Reserve Member Barkin’s Significant Statements on Economy and Interest Rates Impact on Bi...

Stocks On Track For Third Green Session, Palantir Ignites Rally In Chipmakers, Commodities Reboun...

Justin Sun Grabs Nearly Half Of Deposits In Liquid Staking Protocol

Bitcoin (BTC) and Ethereum (ETH) Experience Unprecedented Value Boost: A Deep Dive into Crypto Ma...

Why Cardano’s ADA is Giving Investors a Headache Despite Market Rebound

Charles Hoskinson Creates “Hypothetical” Poll Asking If Cardano Should Integrate With Bitcoin Cas...

Join our free newsletter for daily crypto updates!