The US Federal Reserve has released new data on how many people of the country’s adult population owned crypto in 2021.
According to the findings, some 12% of all adult US consumers hold crypto. The data is based on an annual survey conducted on behalf of the Federal Reserve.
This is the first time the survey, which interviewed 11,000 people, included questions about cryptocurrency ownership and interest in its adoption, or blockchain in general.
As interest in the cryptocurrency industry grows, so does the Federal Reserve’s need to understand consumer preferences and how people interact with digital assets.
However, the Federal Reserve does not have to worry about the unbridled adoption of cryptocurrency, as the market has lost trillions upon trillions worth of value due to the crash of TerraUSD and the Luna token associated with it. The stablecoin lost 99% of its value.
Meanwhile, the US Federal Reserve found out that 3% of all respondents used cryptocurrency to pay for something in 2021. Elsewhere, 11% were committed to cryptocurrency as a form of investor.
Some 46% of all respondents said that they had $100,000, suggesting that those who venture into cryptocurrencies have a higher income in general and are willing to take the risk on the industry.