A recent study finds that as cryptocurrencies become a bigger part of U.S. investment portfolios, their influence extends beyond digital transactions.
The study, reported by Bloomberg, analyzed banking and credit card data from millions of U.S. households, and found that swings in cryptocurrency wealth have a significant impact on consumer spending and real estate prices.
The report found that when crypto wealth rises, it leads to a noticeable increase in spending on both everyday goods and housing.
The analysis also revealed that crypto investors tend to diversify their portfolios to hold both digital and traditional assets.
Many who have profited from their crypto holdings are reinvesting in traditional financial markets.
