Federal Reserve Survey Shows More Than 1 In 10 Americans Held Crypto in 2021
There has continued to be growth in how many people are owning and using cryptocurrencies in the United States
Cryptocurrency is going through some hard times at the moment. Along with other markets, it has experienced extreme volatility of late as concerns about inflation, Covid-19 and geopolitical strife have raised the hackles of the global economy. Through it all, crypto has continued to forge forward with steady growth of adoption around the world, including the United States. This was recently shown through a Federal Reserve study that among findings reported that more than one in ten American adults held crypto in 2021.
Danny Nelson of Coindesk reported on the results of the recently released annual survey, which canvassed 11,000 American adults. Including questions about crypto for the first time, the biggest finding in that regard was that 12% of those surveyed confirmed that they held crypto at some point in 2020. By comparison, that figure was estimated to be 8.3% in 2020.
The growth in crypto holders coincides with a surge in financial success in the United States. Derek Andersen of CoinTelegraph detailed how the survey found that 78% of those who participated in the survey…
