A report by the New Zealand Initiative states households are spending an extra $3000 or more a year on essentials, with a third of the increase being due to higher transport costs.
Crypto operates on the greater fool theory. Because it has little real world use currently, investors are buying it on the premise that they will be able to find someone down the line willing to buy it off them – the greater fool, or some optimist who believes they have found their own golden ticket.
A report by the New Zealand Initiative states households are spending an extra $3000 or more a year on essentials, with a third of the increase being due to higher transport costs.
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