Just 1% of United States adults reported using crypto for payment or to send money in 2023.
The number of United States adults reporting crypto ownership or usage dropped to around 18 million last year, according to the latest annual household survey from the Federal Reserve.
In the 12 months to October last year, 7% of surveyed U.S. adults reported using crypto — down from 10% in 2022 and 12% in 2021, according to the Fed’s Survey of Household Economics and Decisionmaking (SHED) published May 21.
Just 1% of adults said they use crypto as a payment method or to send money, down half from 2022, while 7% purchased or held crypto as an investment.
