12% of the American population owns a cryptocurrency
25.05.2022
The Federal Registration Service of America has published an annual report that economic well-being has reached a new level. This is due to the fact that for the first time data on the investment activity of the population in cryptocurrencies appeared in the documentation.
The report says that already 12 percent of those surveyed received the opportunity to own cryptocurrency assets or conducted transactions with it. 98 percent of people according to a social survey use digital assets for investment, and not as a means of payment. With a low level of income, it is more often used for payment. About 60 percent of the respondents have earnings up to 50 thousand dollars a year, and 24 percent more than a hundred thousand. With simple calculations, it can be argued that 34 million citizens store or use cryptocurrency. 33 million use it as an investment activity.
A similar study was conducted in Europe at the Central Bank. There, information was received that every tenth family has cryptocurrency assets in storage. The owners are mostly wealthy families.
In America and the EU countries, the markets have a greater solvency, while deposit traditions are maximally standardized. The crypto-currency field has a high interest in spreading the currency among the population. Partially, the issuance was activated during the pandemic, which led to a total capitalization of three trillion US dollars.
The retention factor is the poorly designed legal certainty in relation to cryptocurrencies. A large number of participants are happy to get the opportunity to increase their cryptocurrency holdings.
The limiting factor slowing down the industry in America and Europe is the lack of legal certainty regarding digital assets. Many institutional players are happy to add crypto assets to their investment portfolios, but are waiting for certainty from regulators.
Back
The report says that already 12 percent of those surveyed received the opportunity to own cryptocurrency assets or conducted transactions with it. 98 percent of people according to a social survey use digital assets for investment, and not as a means of payment. With a low level of income, it is more often used for payment. About 60 percent of the respondents have earnings up to 50 thousand dollars a year, and 24 percent more than a hundred thousand. With simple calculations, it can be argued that 34 million citizens store or use cryptocurrency. 33 million use it as an investment activity.
A similar study was conducted in Europe at the Central Bank. There, information was received that every tenth family has cryptocurrency assets in storage. The owners are mostly wealthy families.
In America and the EU countries, the markets have a greater solvency, while deposit traditions are maximally standardized. The crypto-currency field has a high interest in spreading the currency among the population. Partially, the issuance was activated during the pandemic, which led to a total capitalization of three trillion US dollars.
The retention factor is the poorly designed legal certainty in relation to cryptocurrencies. A large number of participants are happy to get the opportunity to increase their cryptocurrency holdings.
The limiting factor slowing down the industry in America and Europe is the lack of legal certainty regarding digital assets. Many institutional players are happy to add crypto assets to their investment portfolios, but are waiting for certainty from regulators.
Back