The ownership rate of cryptocurrency has dropped from 15.4% at the beginning of the year to 14.7% in July

On September 9, according to data from the Consumer Finance Institute (CFI) of the Federal Reserve Bank of Philadelphia, even after the end of a bear market, cryptocurrency ownership did not significantly increase. In a report released on September 6th, CFI stated: "The recent growth in the (cryptocurrency) market has not led to an increase in cryptocurrency ownership."

The CFI report shows that in October 2023, only 17.1% of respondents owned cryptocurrencies and by January 2024 this ratio dropped to 15.4%. Before and after Bitcoin's price peaked in March and halved in April, there was no significant increase in Bitcoin holdings; with an ownership rate of 16.1% in April which then fell to 14.7% by July. This May, a Federal Reserve report stated that a survey conducted among more than 11,000 respondents found that approximately18 million people own or use cryptocurrencies in America - this number is lower than Coinbase's figure published on September 2023 stating that about52 million Americans own cryptocurrencies.