Federal Reserve reveals 12% of U.S. adults own crypto
A new survey by the Federal Reserve indicates that as of 2021, about 12% of the United States adults held different cryptocurrencies. The survey dubbed “Economic Well-Being of U.S. Households in 2021” and released on May 23, 2022, sought to measure the economic health of consumers after sampling feedback from 11,000 adults.
Furthermore, the 2021 version of the survey included questions on digital currencies for the first time with the study highlighting the status of cryptocurrency ownership among Americans amid the sector’s growth in recent months. The Fed acknowledged that despite cryptocurrencies being relatively a new financial sector product, most people interacting with digital assets were mainly focused on the investment side. Additionally, the survey indicated that cryptocurrencies are also finding their way in the payment space, with 2% of holders using different assets to make purchases.
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