The recent National Cryptocurrency Association report reveals that 20% of Americans own cryptocurrency. Nearly 40% use it for transactions, and two-thirds believe it positively impacts their lives. The data, from a Harris Poll of 10,000 crypto holders, indicates demographic diversity, with a significant concentration in the South. However, the crypto landscape poses risks, highlighted by over $5.6 billion lost to scams in 2023. Despite these dangers, crypto usage is on the rise, suggesting its integration into mainstream financial practices.
For all of the risks and potential dangers associated with crypto, it is still becoming an increasingly mainstream asset.
Nearly 40% use crypto to pay for goods or services, and two-thirds say that crypto "has a positive impact on their lives."
The report also notes that crypto owners are a fairly diverse set, and that one reason is that "crypto has a surprisingly low bar for entry."
In 2023, the amount lost to crypto scams added up to more than $5.6 billion, according to FBI data.
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