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12% Americans held crypto in 2021, says Fed report

By Yashasvini Razdan - May 23, 2022, 06:32 PM ET

Last Updated - Feb 28, 2024, 01:55 PM EST

13% of transactional crypto users did not have a bank account

• 13% of transactional crypto users did not have a bank account

A US Federal Reserve report, measuring the economic health of U.S consumers, revealed that 12% of adults held cryptocurrency in 2021, according to a Federal Reserve study.

Out of the surveyed US adults, 11% held crypto as an investment, 2% said that they used crypto to buy something or make a payment, and 1% used it to send money to friends or family.

Of the 3% who used crypto for payments or transfers, 13% did not have a bank account. Also, 27% of transactional crypto users did not have a credit card, compared with 17% of non-users without a credit card.

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