Wall Street

Fed Says 12% of Americans Own Crypto: Is Adoption Poised to Increase?

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ValueWalk

It has been a long-running narrative that wide-scale crypto adoption is inevitable. After all, because cryptocurrency is native to the internet, should it not follow the increase in internet users? If we compare the two, global crypto adoption has been faster than internet growth by nearly 2x, 113% vs. 63% respectively. However, what does crypto-adoption look like on a more granular level? Should one expect it to grow linearly or will it hit a ceiling? While it may seem logical that internet users will simply pour into the crypto pool, a recently released Federal Reserve survey suggests otherw…

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