2022 Sees Increase in Cryptocurrency Ownership in the US Despite FTX Collapse

a new The study found that approx one-third of carries the population of the United States bitcoin and other cryptocurrencies and 45% of Crypto-asset investors prefer sponsorship financial Institutions and credit unions support bitcoin (BTC) and altcoins.

American consumers are interested in encryption

while major regulatory watch dogs in The United States, including the Securities and Exchange Commission Gary Gensler and others, has increased its oversight in web 3 space since the collapse of Sam Bankman-Fried’s FTX, Americans’ Interest in bitcoin (BTC) and other cryptocurrencies remain very high.

according to new Study conducted by PYMNTS, in cooperation with PSCU, largest credit union service organization Favorite in United State , one-third of consumers in The country is the owner of the cryptocurrency and they consider it when it is made financial decisions.

On the other hand, consumers who Do not hold cryptocurrency, mention a shortage of Knowing how it works is its limiting factor.

The study of 4,282 American consumers and 100 credits union execs, it was found that 45% of Cryptocurrency holders (mostly high income earners and young consumers) prefer to sponsor innovation financial Organizations that offer crypto-related products and services.

CUs remain They are reluctant to adopt cryptocurrencies

Although high interest in crypto from consumers, 56% of credit union executives remain They are reluctant to incorporate it into their operations.

Notably, the study found that 66% of CUs are a crypto hater because more more than 70% crash in the price of BTC and other cryptocurrencies in 2022 and general volatility nature of digital assets. 43% of CUs say they are expecting demand for encryption to fade.

But despite the negative forecasts of CUs, researchers found That the interest of members in Increase encryption in 2022, amid turmoil and FUD triggered From the FTX scandal and other high-profile bankruptcies in web 3 space.

many consumers in scan population They wish to get rid of-supporting financial institutions for Those that do, to earn access to more innovative products.