By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Sign In
Web3,Blockchain & Metaverse Education Media PlatformWeb3,Blockchain & Metaverse Education Media Platform
  • Home
  • News
    • Cryptopedia
      • Blockchain News
      • Bitcoin News
      • Ethereum News
      • Altcoin News
    • Latest Metaverse & NFT News
      • Metaverse & NFT Games
      • Virtual Land
    • Exchanges News
    • Policy & Regulation
    • Web Stories
  • Press Release
    • Sponsored Article
    • Submit Press Release
  • Interviews
    • Opinion
  • Expert Alliance
    • About Expert Alliance
    • Expert Alliance Benefits
    • Experts List
    • Apply for Expert Alliance
  • Guide
    • NFT Review
    • Game Review
    • Submit NFT Project
  • Videos
  • Events
Search
  • Advertise with us
  • Media Kit
  • 365 Media Plan
  • Submit Press Release
  • Submit NFT Project
© 2022 NFTStudio24.com News Network. All Rights Reserved.
Reading: An Investment Bank Jefferies Believes That Cryptocurrency Is Developing A New Generation Of Luxury Consumers In The US.
Share
Web3,Blockchain & Metaverse Education Media PlatformWeb3,Blockchain & Metaverse Education Media Platform
Search
  • Home
  • News
    • Cryptopedia
    • Latest Metaverse & NFT News
    • Exchanges News
    • Policy & Regulation
    • Web Stories
  • Press Release
    • Sponsored Article
    • Submit Press Release
  • Interviews
    • Opinion
  • Expert Alliance
    • About Expert Alliance
    • Expert Alliance Benefits
    • Experts List
    • Apply for Expert Alliance
  • Guide
    • NFT Review
    • Game Review
    • Submit NFT Project
  • Videos
  • Events
Have an existing account? Sign In
Follow US
  • About us
  • Advertise with us
  • Media Kit
  • 365 Media Plan
  • Submit NFT Project
  • Careers
  • Contact us
  • Privacy Policy
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
  • Global
  • Japan
  • South Asia
  • Partners
  • Community
HOME > INTERVIEW > OPINION > An Investment Bank Jefferies Believes That Cryptocurrency Is Developing A New Generation Of Luxury Consumers In The US.
NewsOPINION

An Investment Bank Jefferies Believes That Cryptocurrency Is Developing A New Generation Of Luxury Consumers In The US.

news room
Posted news room December 17, 2021 280 Views 4 Min Read
Updated 2022/02/21 at 10:46 PM
Jefferies an investment bank
SHARE

An Investment bank Jefferies believes that cryptocurrency is developing a new generation of luxury consumers in the US. The swelling in crypto prices attracted young crypto traders to become luxury consumers, said Jefferies. The crypto traders under 35 years old are shopping for artwork, luxury brands from their crypto profits.

An investment bank Jefferies believes that cryptocurrency is developing a new generation of luxury consumers in the US

An Investment Bank Jefferies Views On Using Cryptocurrency:

The cryptocurrency market surged up to $3 trillion this whole year 2021. The rise in crypto price values is helping to Target the new young generation. With their spending on NFT artwork and high price apparel, American consumers of luxury goods are set to further drive the sale scale in the luxury market beyond pre-pandemic. 

Jefferies is an investment bank situated in America. On Wednesday, said in a research note that:

Chinese consumers left as the dominant force in global luxury spending. However, since the first quarter, “surprise packages” have been developed in the U.S. year-over-year. Additionally, the note indicates findings from visits to 48 stores in New York and Florida. Where buyers can get luxury brands that may include Louis Vuitton and Gucci.

In this regard, Analysts Flavio Cerda and Kathryn Parker wrote:

“Beyond the natural impact of so-called “ pent-up demand”. We flag the significant swell in asset values (from the stock market to real estate to contemporary art) and, above all, the significant impact from crypto wealth which has increased the total of cash transactions again.”

Moreover, their talk with the manager and assistant showed that the vital role is fulfilled by young people under 35 years old. Furthermore, the young crypto traders are earning profit by crypto trading, and they are spending this profit on Luxury brands, NFTs, expensive jewelry, apparel, and other accessories. 

The analysts further included that.

“Our conversation would indicate as much as 20% to 25% of ( last 12 months) sales may have been generated by this method”.

In 2021, for the first time, the crypto market surged up to a $3 trillion valuation. Massively more institutional and retail investors put their money into digital assets, including coins and NFT arts. 

Furthermore, the price value of Bitcoin increased this year by 62% through mid-Wednesday. With the most traded cryptocurrency, over $47,200. However, the crypto market related to violent price swings, its market cap lightened down to $2.3 trillion. 

Channel checks conducted by Jefferies parallel with the Art Basel international (art fair in Miami) and many important crypto trading events. Also, “which Meant almost the perfect pool of interlocutors.”

 The company said that U.S. luxury spending in the financial year 2021 has returned to the scale logged in 2019, before the coronavirus outbreak. It noted that such spending might increase by 45% more than in the same period in 2019.

Jefferies said that :

“This is highly dependent on the resilience of the underlying assets which allow monetization and is therefore implicitly volatile but is at least not subject to the risk of growing government pressure as is the case in China”.

Note: We are not any financial advisors. Invest in crypto and NFT at your own risk. Our aim is to keep you updated on the current affairs on Cryptocurrency, and NFT. In addition to it, you can follow our official social media account

Moreover, You can stay connected on our official social accounts Instagram, Facebook, and Twitter.  Here, you can share your thoughts and comments with our community. 

Sign Up For Daily NFT Drops

Don't miss the next NFT drops!!!
I have read and agree to the terms & conditions
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article Genies and Dapper Labs Collaborated to start a new NFT platform, "The Warehouse." Genies And Dapper Labs Collaborated To Start A New NFT Platform, “The Warehouse.”
Next Article Mrs. TRUMP first NFT platform, where she featured her gorgeous blue eyes as her first NFT Melania Trump mints her blue eyes NFT on the new NFT platform

Don’t miss the NFT Drops! Sign up Now

I have read and agree to the terms & conditions

Latest News

Oasys and SBI VC Trade team up to bring new wallet solution for blockchain gaming in Japan
Oasys and SBI VC Trade team up to bring new wallet solution for blockchain gaming in Japan
BLOCKCHAIN NEWS EXCHANGES News WEB3 March 25, 2023
DeFi protocol DefiLlama has resolved its internal conflicts 1
DeFi protocol DefiLlama has resolved its internal conflicts
CRYPTOPEDIA News WEB3 March 21, 2023
Crypto Fear and Greed Index has reached its highest level
Crypto Fear and Greed Index has reached its highest level
BITCOIN NEWS News March 21, 2023
Join us
Ad imageAd image

You Might also Like

Oasys and SBI VC Trade team up to bring new wallet solution for blockchain gaming in Japan
BLOCKCHAIN NEWSEXCHANGESNewsWEB3

Oasys and SBI VC Trade team up to bring new wallet solution for blockchain gaming in Japan

March 25, 2023
DeFi protocol DefiLlama has resolved its internal conflicts 1
CRYPTOPEDIANewsWEB3

DeFi protocol DefiLlama has resolved its internal conflicts

March 21, 2023
Crypto Fear and Greed Index has reached its highest level
BITCOIN NEWSNews

Crypto Fear and Greed Index has reached its highest level

March 21, 2023
Project AI Powered Trading Platform Accused of Draining 1M from Users
AIBLOCKCHAIN NEWSNews

Project ‘AI-Powered’ Trading Platform Accused of Draining $1M from Users

March 20, 2023
//

NFTStudio24 delivers the latest NFT news to its global audience. We are committed to reporting mainstream and emerging talent via exclusive press releases, podcast interviews, NFT rankings, and much more.

GET IN TOUCH

  • About us
  • Advertise with us
  • Media Kit
  • 365 Media Plan
  • Submit NFT Project
  • Careers
  • Contact us
  • Privacy Policy

Experts Alliance

  • Experts Alliance
  • About Alliance
  • Alliance Benefits
  • Membership requirements
  • Apply Alliance
//

Subscribe to our newsletter to get our newest articles instantly!

I have read and agree to the terms & conditions
Web3,Blockchain & Metaverse Education Media PlatformWeb3,Blockchain & Metaverse Education Media Platform
Follow US

© 2022 NFTStudio24.com News Network. All Rights Reserved.

Removed from reading list

Undo
Join us metaverse Join us metaverse
Welcome Back!

Sign in to your account

Register Lost your password?