CandleFocus

Bitcoin's price surge draws interest from 'nocoiners' but ownership stagnant – Fed survey

Author: Content Editor
According to a report by the Federal Reserve Bank of Philadelphia's Consumer Finance Institute (CFI), a growing number of Americans who do not own cryptocurrency are expressing interest in making future purchases. The report shows that 13.4% of respondents who had never owned cryptocurrency are now likely to purchase digital assets in the future, an increase from 6.9% in January 2022. However, overall crypto ownership has steadily declined in the past two years, despite Bitcoin reaching new highs in 2024. The report suggests that regulatory uncertainty and concerns over market volatility may be keeping potential buyers on the sidelines. The report concludes that while ownership rates are unlikely to rebound in the short term, there is potential for renewed market growth if regulatory developments provide clearer frameworks for crypto investment and trading.

Related News