Chart of the Day: The crypto-keepers

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Cryptocurrency is most popular among higher earners

In the US, higher-income millennials are more likely to own cryptocurrency than their lower-earning peers. Some?61% of those making at least six figures per year own crypto, while just?25%?of those earning less than $50,000 hold Bitcoin or the like. Gender plays a role as well—half?of millennial men hold these digital currencies, while only?one-fifth?of women in that age group do so.

Beyond the chart:?The top two reasons US adults buy crypto are for short-term and long-term growth investments, per CivicScience polling from December. Crypto investments are more popular than ever as US adults increasingly favor owning these digital currencies over traditional stocks. And those crypto owners tend to have some spare cash to set aside and, potentially, lose.

More like this:

• Report: Spotlight on US Digital Stock Trading
• Article: Do US banks have plans for crypto services?
• Article: More apps are entering the metaverse, at least in name

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