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Crypto ownership isn’t rising with recent market growth, Fed survey claims

Crypto ownership has not significantly risen even with the bear market over, according to the Federal Reserve Bank of Philadelphia’s Consumer Finance Institute.

According to United States Federal Reserve research, the rate of cryptocurrency ownership isn’t growing in tandem with the crypto market’s recent resurgence.

“Recent growth in the [crypto] market has not been accompanied by an increase in ownership in our survey population,” the Federal Reserve Bank of Philadelphia’s Consumer Finance Institute (CFI) said in a Sept. 6 report.

The CFI collected data on cryptocurrency ownership through surveys between January 2022 and July 2024 using the price of Bitcoin (BTC) as a proxy to determine that the depths of crypto winter occurred in late 2022.

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Global Crypto Ownership Reaches 562 Million: 6.8% of World Population Now Own and Use Digital Currencies

Global Crypto Ownership Reaches 562 Million: 6.8% of World Population Now Own and Use Digital CurrenciesA new report reveals that 562 million people globally now own digital currencies, an increase from 420 million in 2023, making up 6.8% of the world’s population. Asia is at the forefront of this growth, with North America close behind. Overall, cryptocurrency adoption is rising worldwide, with notable increases seen across all continents. ‘562 Million […]

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London Crowned World’s Leading Cryptocurrency Hub, According to Study

London Crowned World’s Leading Cryptocurrency Hub, According to StudyAccording to research from Recap, a cryptocurrency tax software company, London has become the world’s leading hub for cryptocurrencies. The researchers analyzed eight indicators, including the number of cryptocurrency businesses and the quantity of cryptocurrency ATMs in each country. Key Findings of Recap’s Study on Global Cryptocurrency Hubs Crypto tax firm Recap released a research […]

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More Than 65% of Oman’s Crypto Holders Are College Graduates — Study

More Than 65% of Oman’s Crypto Holders Are College Graduates — StudyApproximately 65,000 of Oman’s residents are holders of crypto and a majority of these are either high school or college graduates, a new study by Souq Analyst has found. According to the study’s findings, an overwhelming majority (90%) of Oman’s crypto holders are aged between 18 and 44. Crypto Awareness in Oman According to the […]

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South African Cryptocurrency Ownership Rate at 10% — Report

South African Cryptocurrency Ownership Rate at 10% — ReportWith a cryptocurrency ownership rate of 10%, or four million people, South Africa “ranks 18th out of 26 countries for crypto adoption,” the latest Finder’s report has said. The report also noted that South Africa’s proportion of crypto owners holding bitcoin, 52%, is the third highest out of 26 countries. Just Over Half Own BTC […]

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Finder’s Poll Shows Vietnam Holds the Highest Percentage of Crypto Ownership Worldwide

Finder’s Poll Shows Vietnam Holds the Highest Percentage of Crypto Ownership WorldwideOn Friday, the product comparison website Finder published the company’s August Cryptocurrency Ownership Report, which surveyed 42,040 citizens across 27 countries. The report ranks countries by digital currency adoption and it shows regions like Vietnam, Indonesia and India have the highest number of people who reported owning cryptocurrency. In Terms of Crypto Ownership Vietnam, Indonesia, […]

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