A recent survey conducted by JPMorgan has revealed that 13% of Americans have purchased cryptocurrency. This is a significant increase from the previous year, when only 5% of Americans reported owning cryptocurrency.
The survey also found that younger Americans are more likely to own cryptocurrency than older Americans, with 20% of Americans under the age of 35 reporting that they own cryptocurrency.
The surge in cryptocurrency ownership can be attributed to a number of factors. One of the main reasons is the increasing mainstream acceptance of cryptocurrency.
As more and more businesses begin to accept cryptocurrency as a form of payment, and as more people become aware of its potential as an investment, more people are deciding to invest in it. Additionally, the recent rise in the value of Bitcoin and other cryptocurrencies has likely encouraged more people to invest in them.
Despite the increase in cryptocurrency ownership, the survey found that most Americans still view it as a speculative investment rather than a mainstream financial asset. This is likely due to the volatility of cryptocurrency prices and the lack of regulation in the cryptocurrency market.
However, as more and more people continue to invest in cryptocurrency and as the technology behind it continues to mature, it is possible that attitudes towards cryptocurrency will shift and it will become more widely accepted as a legitimate investment.
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