US crypto wealth increased household consumption by $30bn over a decade.
Researchers found that US crypto wealth increased household consumption by $30bn over a decade, with every dollar of unrealized gains leading to about 9 cents of spending. This spending impact is nearly double that of stock market returns and one-third of income shocks like lottery winnings. Despite current modest effects on the $28 trillion economy, crypto's potential growth could bring significant changes in consumer patterns.
May 05, 2024
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