66 million Americans own cryptocurrencies despite bear market

A new survey has devolved into the ownership of cryptocurrencies by Americans at a time the sector is witnessing increased talk around regulation of the industry. 

Indeed, as of February 2023, about 20% of Americans representing at least 50 million citizens, own different types of cryptocurrencies, research published by crypto exchange Coinbase on February 27 indicates. 

The study pointed out that crypto ownership among citizens has remained consistent despite the 2022 bear market that saw assets such as Bitcoin (BTC) plunged by over 60%. Interestingly the vast majority of crypto holders, at 76%, believe digital assets and the underlying technology are the future.