43 million Americans, or thirteen% of the u . S . A .’s total population, have owned cryptocurrencies at some point of their lives, consistent with current JPMorgan Chase studies, as reported through Cointelegraph.
According to Cointelegraph, the Dynamics and Demographics of U.S. Household Crypto-Asset Use, a document released on December thirteen suggests that this quantity has significantly expanded because it became simplest three% just before 2020.
The maximum recent records from JPMorgan turned into derived from an examination of bank account transfers from a pattern of more than 5 million clients. It was discovered that among 2020 and 2022, 600,000 customers on this sample group made a cash switch to a cryptocurrency account.
Market shocks just like the TerraUSD (UST) stablecoin losing its peg in May and the financial ruin of cryptocurrency exchange FTX in November are responsible for the current decline in the cryptocurrency marketplace.
On many cryptocurrency exchanges, trading prices have reduced, and Coinbase has even suggested a almost 50% decline in sales. But this new take a look at suggests that cryptocurrency ownership has multiplied over the last few years in spite of the decline in rate and trading pastime, Cointelegraph in addition referred to.