43 million Individuals, or 13% of the nation’s complete inhabitants, have owned cryptocurrencies in some unspecified time in the future of their lives, in keeping with latest JPMorgan Chase analysis, as reported by Cointelegraph.
In response to Cointelegraph, the Dynamics and Demographics of U.S. Family Crypto-Asset Use, a report launched on December 13 exhibits that this quantity has considerably elevated because it was solely 3% simply earlier than 2020.
The latest info from JPMorgan was derived from an examination of checking account transfers from a pattern of greater than 5 million shoppers. It was found that between 2020 and 2022, 600,000 clients on this pattern group made a money switch to a cryptocurrency account.
Market shocks just like the TerraUSD (UST) stablecoin shedding its peg in Might and the chapter of cryptocurrency alternate FTX in November are guilty for the present decline within the cryptocurrency market.
On many cryptocurrency exchanges, buying and selling prices have decreased, and Coinbase has even reported an almost 50% decline in income. However this new research exhibits that cryptocurrency possession has elevated over the previous few years regardless of the decline in worth and buying and selling exercise, Cointelegraph additional famous.
(With insights from Cointelegraph)