The new research report, prepared with extensive data by the largest investment bank in the USA, JPMorgan, has revealed that a significant part of the US public owns cryptocurrencies at some point in their lives.
JPMorgan 5 million US citizens shared the results of the research in which he analyzed money transfers from banks to cryptocurrency exchanges. The data obtained is about the US population. 13% of revealed to have owned cryptocurrency at some point in their lives. According to the December 13 report titled “Dynamics and Demographics of U.S. Household Crypto Asset Usage,” the rate of cryptocurrency ownership Only 3% in 2020 covered a part. This rate has increased significantly in the last 2 years.
The report also noted that crypto owners usually make their first purchases during price increases. The amount of cash sent to crypto exchange accounts during this time has generally far outweighed the cash issued.
According to JPMorgan, this will happen in early 2022. with crypto prices falling changed. JPMorgan says this is a broader result of both the price drops in crypto and the falling savings rate in the US since the pandemic:
We think the rise and fall in crypto usage since the onset of COVID is consistent with the common relationship between retail flows and market prices seen in previous research. Furthermore, the trend in crypto streams also follows household savings dynamics, which hit historic highs early in the pandemic but started to reverse.
The report also evaluated whether certain demographic groups are more likely to buy crypto. According to the results Men of all ages are more likely to invest in crypto than women of any age group. and has an interest. With this Generation Z and other younger segments are also focusing more on crypto investment than the middle-aged and older group.