Goldman Sachs says crypto decline should have very limited impact on US spending

05/20 14:15

A group of the bank's researchers, led by Joseph Briggs, said that any impact of the crypto markets slide on US spending should be very small since "the recent decline is very small relative to US household net worth." Bitcoin's price is down more than 35% since the beginning of the year. As per the bank, cryptocurrency holdings as a percentage of net worth represent a mere 0.3% of US household net worth compared to 29% for US equities.
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