Crypto Gains Are Not Spent on Luxury, Researchers Unveil

A recent Bloomberg report 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 […] source: https://coinedition.com/crypto-gains-are-not-spent-on-luxury-researchers-unveil/