Crypto winter won’t hinder the U.S. consumer, but stocks falling will: Goldman Sachs

It’s unlikely consumer spending will take too large a hit as a result of the latest crypto winter, argues Goldman Sachs.

In a new research note, Goldman Sachs’ chief U.S. economist Jan Hatzius calculated that the global market for the 200 largest cryptos shed an astounding $1 trillion in value from a peak late last year while U.S. households own about one third of the global crypto market.

But crypto holdings make up for only about 0.3% of U.S. household net worth, Hatzius added, so any drag…