The most recent data was obtained from JPMorgan by looking at checking account transactions made by a sample of more than 5 million customers.
According to recent JPMorgan Chase research, as published by Cointelegraph, 43 million Americans, or 13% of the whole population of the nation, have held cryptocurrencies at some time in their life.
The Dynamics and Demographics of U.S. Household Crypto-Asset Use, a research published on December 13 and cited by Cointelegraph, indicates that this percentage has dramatically climbed from being only 3% shortly before 2020.
The most recent data was obtained from JPMorgan by looking at checking account transactions made by a sample of more than 5 million customers. A cash transfer to a cryptocurrency account was conducted by 600,000 clients in this sample group between 2020 and 2022, it was found.
The present drop in the cryptocurrency industry is the result of market shocks like the TerraUSD (UST) stablecoin losing its peg in May and the bankruptcy of cryptocurrency exchange FTX in November.
Trading fees have dropped on numerous cryptocurrency exchanges, and Coinbase even revealed a revenue fall of about 50%. Cointelegraph continued, “However, this new analysis demonstrates that cryptocurrency ownership has risen over the previous several years despite the drop in price and trading activity.”
