{"id":525875,"date":"2022-12-13T02:38:37","date_gmt":"2022-12-12T23:38:37","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/13-of-americans-have-now-held-crypto-jpmorgan-research\/"},"modified":"2022-12-13T02:38:37","modified_gmt":"2022-12-12T23:38:37","slug":"13-of-americans-have-now-held-crypto-jpmorgan-research","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/13-of-americans-have-now-held-crypto-jpmorgan-research\/","title":{"rendered":"# 13% of Americans have now held crypto: JPMorgan research"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a4129ff6af75\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a4129ff6af75\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/13-of-americans-have-now-held-crypto-jpmorgan-research\/#%E2%80%9D_13_of_Americans_have_now_held_crypto_JPMorgan_research_%E2%80%9C\" >&#8221; 13% of Americans have now held crypto: JPMorgan research &#8220;<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/13-of-americans-have-now-held-crypto-jpmorgan-research\/#Whos_buying\" >Who&#8217;s buying?<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_13_of_Americans_have_now_held_crypto_JPMorgan_research_%E2%80%9C\"><\/span>&#8221; 13% of Americans have now held crypto: JPMorgan research &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-30a6cf80>Around 13% of the American population \u2014 or 43 million people \u2014 have held cryptocurrency at some point in their lives, new research from JPMorgan Chase has revealed.<\/p>\n<p>According to a Dec. 13 report titled &#8220;The Dynamics and Demographics of U.S. Household Crypto-Asset Use,\u201d this number has <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.jpmorganchase.com\/institute\/research\/financial-markets\/dynamics-demographics-us-household-crypto-asset-cryptocurrency-use\">risen<\/a> dramatically since before 2020, when the figure was only around 3%.<\/p>\n<p>The latest data from JPMorgan comes from analyzing checking account transfers from a sample of over 5 million customers. It found that 600,000 customers in this sample group transferred cash to crypto accounts at some point during period from 2020 to 2022.<\/p>\n<p>The study also noted that cryptocurrency holders typically made their first crypto purchases during spikes in crypto prices. During this time, the amount of cash being sent into crypto exchange accounts typically far outweigh the cash being removed. In other words, most people were holding onto their crypto during this time period.<\/p>\n<p>This changed in early 2022 as crypto prices fell, according to JPMorgan. In recent months, cash transfers into crypto exchanges have only slightly exceeded cash transfers out of them. <\/p>\n<p>JPMorgan says that this is a result of both price declines in crypto and a broader trend of the savings rate declining in the United States since the pandemic:<\/p>\n<p>\u201cWe view the rise and fall of crypto use since the onset of COVID as consistent with the joint relationship between retail flows and market prices seen in prior research. Additionally, the trend in crypto flows also tracks dynamics of household savings, which spiked to historic highs early in the pandemic but has begun to reverse.\u201d<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Whos_buying\"><\/span>Who&#8217;s buying?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The report also weighed in on whether certain demographic groups are more likely to buy crypto. It found that men of all ages buy significantly more crypto than women, and that younger people buy significantly more than older people. For example, the report found that over 25% of millennial men have bought crypto, whereas only around 12% of millennial women and 5% of male baby boomers have.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-12\/5a822161-3af7-4b27-8a3c-54c08517f7b5.png\"><figcaption style=\"text-align: center;\">A breakdown of crypto ownership by demographic. Source: JP Morgan Chase<\/figcaption><\/figure>\n<p>The research also found that crypto holdings were relatively minor for most individuals, with <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a>n flows equal to less than one week\u2019s worth of take-home pay.\u00a0<\/p>\n<p>On the other hand, about 15% of crypto owners had more than a month\u2019s pay invested in crypto.<\/p>\n<p><em><strong>Related: <\/strong><strong>Arthur Hayes says Bitcoin has bottomed as \u201ceveryone who could go bankrupt has gone bankrupt\u201d<\/strong><\/em><\/p>\n<p>The crypto market has gone through a dramatic fall in 2022. Bitcoin (BTC) has fallen from a 2022 high of $47,459 in March to $17,208 at the time of writing, while Ether (ETH) has fallen from $3,521 in April to $1,273 at the time of writing.<\/p>\n<p>This fall in the crypto market has been the result of market shocks such as TerraUSD (UST) stablecoin losing its peg in May and crypto exchange FTX going bankrupt in November. <\/p>\n<p>Trading fees have fallen on many crypto exchanges, and Coinbase has even stated that its revenue has fallen by nearly 50%.<\/p>\n<p>But despite this decline in crypto prices and trading activity, this new report indicates that crypto ownership has still increased over the course of the last few years.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/13-of-americans-have-now-held-crypto-jpmorgan-research\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; 13% of Americans have now held crypto: JPMorgan research &#8220; Around 13% of the American population \u2014 or 43 million people \u2014 have held cryptocurrency at some point in their lives, new research from JPMorgan Chase has revealed. According to a Dec. 13 report titled &#8220;The Dynamics and Demographics of U.S. Household Crypto-Asset Use,\u201d&#8230;<\/p>\n","protected":false},"author":1,"featured_media":525876,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1200\/https:\/\/s3.cointelegraph.com\/uploads\/2022-12\/36a51ff2-4004-482f-9e8b-6f1c84b7dc58.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,74862,76255,74355,70792,61514],"class_list":["post-525875","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-bitcoin","tag-study","tag-adoption","tag-jpmorgan-chase","tag-research"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/525875","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=525875"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/525875\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/525876"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=525875"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=525875"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=525875"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}