Bitcoin (BTC) and Ethereum (ETH) Investors Prioritize Investment Over Luxury Spending, New Research Reveals
- In a recent study, researchers have explored the impact of cryptocurrency gains on the American economy.
- The findings suggest that these gains are not being spent on luxury items, but instead are being invested in real estate and other assets.
- The researchers argue that the behavior of crypto investors is more akin to traditional equity investors than to lottery winners or gamblers.
A recent study reveals that crypto gains are driving investment in real estate, challenging the stereotype of lavish spending. This shift in investment behavior is having a significant impact on the American economy.
Unveiling the “Wealth Effect” of Cryptocurrencies
A group of researchers recently presented a paper to the Federal Deposit Insurance Corp., exploring the “wealth effect” of cryptocurrencies on the American economy. Contrary to popular belief, the study found that unexpected gains from crypto investments were not being spent on luxury items such as sports cars. Instead, investors were behaving more like traditional equity investors, putting their gains into assets like real estate.
Crypto Gains and the Housing Market
The research, conducted by Darren Aiello, Assistant Professor of Finance at Brigham Young University’s Marriott School of Business, and Noelle Acheson, author of “Crypto Is Macro Now,” found... Read the full article for FREE at COINOTAG!
