.jpmorgan has revealed how widespread crypto purchases are in the U.S.
recently published by JPMorgan Chase, 13% of Americans transferred funds into a crypto-linked account as of June.
Unsurprisingly, the adoption of cryptocurrency accounts coincided with significant Bitcoin price increases. The report, which covers data from the period 2015-2022, shows that retail investor outflows to crypto accounts substantially exceed inflows from the same accounts. However, following a recent price correction, the net direction of transfers gradually became more balanced in early 2022.
JPMorgan has found that millennials tend to be the most crypto-friendly demographic group, which is in line with similar studies. Baby Boomers, on the other hand, are yet to warm up to the nascent asset class, with only 4% making transfers to crypto accounts.
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