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52M Americans (20% of the US adult population) owned crypto in 2023. And they aren't going anywhere: Check out the quarterly data from @MorningConsult, plus @pewresearch, @Grayscale and more. 🧵
But do 52 million Americans really own #crypto? Look at the @federalreserve annual survey and our analysis debunking @coinbase's rigged crypto-purchased poll. https://t.co/VCKw0hHpWf https://t.co/NzVzNbjI7x https://t.co/SCvdz2NIp3
Federal Reserve Poll Found Only 7% Used #Cryptocurrency in 2023; Contradicts #Coinbase Data https://t.co/8ZYOnRYqM4
Recent surveys by the Federal Reserve and other institutions show conflicting data on cryptocurrency ownership in the U.S. While the crypto industry claims 52 million Americans own crypto, the Fed's survey indicates that only 7% of Americans used or owned crypto in 2023, amounting to around 18 million users. This discrepancy has raised questions about the accuracy of crypto adoption rates and the influence of the industry on Congress.