The Fed recognized the growing interest of Americans in cryptos

by in Cryptocurrency News

FED

The United States is on the list of countries with a growing share of cryptocurrency investors. Moreover, this country is confidently leading the world in terms of the number of bitcoin ATMs, which indicates the desire of Americans to test the possibilities of virtual currencies.

The US Federal Reserve earlier this week released the results of a survey of 11,000 US adults. It was held in October-November 2021.

The Fed found that many US citizens with high incomes (from $100,000) have already invested in BTC and other cryptocurrencies. 12% of respondents stated that they consider such instruments primarily as an investment.

Only 2% of the adult population of the country used cryptocurrencies to pay for goods and services or to send money to family and friends.

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However, despite this low proportion of adults using digital assets, the Fed acknowledges that people's interest in the innovative tool continues to grow.

99% of those who have already bought cryptocurrencies have bank accounts linked to bitcoin platforms.

The growth in the number of BTC holders is forcing the US authorities to accelerate the development of a regulatory framework for the crypto market.