Federal Reserve’s annual survey dubbed “Economic Well-Being of U.S. Households in 2021” has just been released, bringing, among else, results related to cryptocurrencies for the very first time since its debut.
The survey was conducted on a sample of 11,000 adults across the country, with the goal of measuring consumers’ economic health. Since the digital assets sector has significantly grown over the past few years, the authors of the public poll have decided to include it in their findings this year.
The poll has found that 12% of US adults are in possession of a cryptocurrency. While most of the holders were using digital assets as an inflation hedge, 2% of the participants stated that they were using crypto as a means of payment for purchases.
Another interesting fact that sprouted from the public poll has to do with wealth distribution amongst crypto investors. The survey has shown that those with a higher capital tend to own digital assets for the purpose of saving their wealth’s value, while most of those who stated they used crypto for purchases have shown to own less capital on average.
The results of the poll indicate further rising interest in this sector, as more than a tenth of the US population owns digital assets. What is also interesting is the results of another cross-country survey from two months ago, which has shown that 9 out of 10 people were considering buying crypto.