According to BlockBeats, on September 9, according to data from the Consumer Finance Institute (CFI) of the Federal Reserve Bank of Philadelphia, even if the bear market ends, the ownership rate of cryptocurrencies has not increased significantly. In a report on September 6, CFI stated: “The recent growth of the (cryptocurrency) market has not brought about an increase in cryptocurrency ownership.”
The CFI report found that in October 2023, only 17.1% of respondents owned cryptocurrencies, while by January 2024, this proportion had dropped to 15.4%. Before and after the price peak of Bitcoin in March and the halving in April, the Bitcoin holding rate did not increase significantly. The holding rate in April was 16.1%, which dropped to 14.7% in July two months later. In May, the Federal Reserve reported that a survey of more than 11,000 respondents found that approximately 18 million people in the United States owned or used cryptocurrencies by 2023, a number lower than Coinbase’s September 2023 Figures found of 52 million Americans owning cryptocurrencies.
