US crypto ownership has grown 4X since the start of 2020, with millennials the largest adopters of crypto, research from JPMorgan shows.
Around 13% of the American population — or 43 million people — have held cryptocurrency at some point in their lives, new research from JPMorgan Chase has revealed.
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.
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