Federal Reserve: 18 million Americans used or owned cryptocurrency last year

The latest annual household survey by the Federal Reserve showed that the number of US adults who owned or used cryptocurrency decreased to about 18 million last year. According to the May 21 Household Economic and Decision-making Survey (SHED) released by the Federal Reserve, 7% of surveyed US adults reported using cryptocurrency in the 12 months ending in October of last year, down from 10% in 2022 and 12% in 2021. Only 1% of adults reported using cryptocurrency as a payment method or remittance, a 50% decrease from 2022, while 7% of adults purchased or held cryptocurrency as an investment.