September 25, 2023

How many people hold cryptocurrency

A Fed survey showed that in 2021, 12% of US adults owned cryptocurrency.

According to research The Federal Reserve, which measures the economic health of US consumers, found that 12 percent of adults owned cryptocurrencies in 2021.

The survey among 11,000 people included questions aboutowning a cryptocurrency. It shows a sign of the U.S. central bank's growing interest in understanding how the booming crypto economy blends (or doesn't blend) with the overall economic picture.

The collected data showed that the Americanconsumers have little interest in cryptocurrency as a currency. Basically, they are investors. Only 3% of respondents said they either deposited or sent cryptocurrency in the last year. In contrast, 11% held cryptocurrency as an investment.

These users "had disproportionately high returns," the report says, with 46% of investors earning $100,000 or more. Almost everyone had a bank account.

Of the 3% who actually used cryptocurrency for payments or transfers, 13% did not have a bank account.

From this I conclude that in the Russian Federation exactly 10% of people own crypto.