New Bitcoin (BTC) Report from JP Morgan!

The Covid-19 pandemic and especially the increase in inflation all over the world to cryptocurrencies aroused interest.

In this context, researching the interest of US citizens in cryptocurrencies, US banking giant JP Morganin this research, used the data of transfers from the bank accounts of 5 million US citizens to cryptocurrency exchanges.

Based on these data from JP Morgan, as of June 2022, approximately 13% of the US population will have at least one lifetime to cryptocurrency exchange He said he transferred money.

famous bank “Dynamics and Demographics of US Household Crypto Asset Use” The research report also pointed out that most cryptocurrency investors make their first transactions during the spikes in crypto asset prices.

“The proportion of the population transferring funds to a crypto-related account has tripled during the Covid-19 pandemic.

The percentage of the population that had deposited at least once in crypto prior to 2020 was 3%, which has increased to 13% as of June 2022.”

Bitcoin (BTC) and cryptocurrency JP Morgan, which also investigated the differences in investments and use in terms of various criteria, revealed that the use of crypto is broader for men, Asian individuals and younger individuals with higher incomes.

According to the report, while men in general are more likely to participate than women, Asian millennials are the most likely to invest in crypto.

Finally, stating that higher-income citizens transfer more money to their crypto accounts, the bank stated that about 15% of citizens transfer their income to crypto accounts for more than 1 month.

“Most people transferring funds to crypto accounts did so when crypto asset prices were significantly higher than recent levels and those with lower incomes were likely to shop at higher prices than those with higher earnings.”