Today news
About the same in other media
Cryptocurrency wealth is creating a new generation of luxury consumers in the US, Jefferies says
Reading now: 677
markets.businessinsider.comAndrew Lichtenstein/Corbis via Getty Images
The jump in cryptocurrency prices is helping to cultivate a new crop of young, American buyers of luxury goods, with their spending on NFT artwork and high-priced apparel set to further propel sales in the luxury market beyond pre-pandemic levels, according to a report from Jefferies.
Chinese consumers remain the dominant force in global luxury spending. But a «surprise package» since the first quarter has been strong growth in the US year-over-year, the investment bank said in a research note Wednesday. The note outlined findings from visits to 48 stores in New York and Florida where high-end brands including Louis Vuitton and Gucci, whose parent company is Kering.
«Beyond the natural impact of
Read more on markets.businessinsider.comAbout this in other media
Show more
The website gocryptonft.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
