{"id":71403,"date":"2022-12-13T16:18:14","date_gmt":"2022-12-13T14:18:14","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=71403"},"modified":"2025-09-08T08:32:39","modified_gmt":"2025-09-08T05:32:39","slug":"jpmorgan-13-of-americans-have-invested-in-cryptocurrencies","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/jpmorgan-13-of-americans-have-invested-in-cryptocurrencies\/","title":{"rendered":"JPMorgan: 13% of Americans Have Invested in Cryptocurrencies"},"content":{"rendered":"

The share of US adults who have ever transferred funds to a cryptocurrency-related account rose from 3% in 2020 to 13% as of June 2022, according to JPMorgan’s study.<\/p>\n

The analysts analysed a sample of 5 million accounts with monthly transaction volumes of at least $1,000. They identified transfers to crypto platforms and back.<\/p>\n

Analysts found that most retail investors first invested in digital assets at price peaks. They noted that such behaviour correlates with traditional markets.<\/p>\n

\"JPMorgan:
Weekly number of new crypto users and the price chart for Bitcoin. Data: JPMorgan.<\/figcaption><\/figure>\n

In recent years, retail inflows into crypto accounts far exceeded outflows. The move of funds became more balanced amid the market downturn in the first half of 2022.<\/p>\n

\"JPMorgan:
Cash flow to and from crypto accounts. Data: JPMorgan.<\/figcaption><\/figure>\n

In age bands, researchers found the largest share of crypto investors among Millennials \u2014 20% \u2014 versus 11% for Generation X and just 4% for Baby Boomers. Across all groups, men are more engaged in the new asset class.<\/p>\n

\"Dynamics-demographics-fig-3\"
Share of cryptocurrency investors by generation and gender. Data: JPMorgan.<\/figcaption><\/figure>\n

Analysts at JPMorgan noted that those most inclined to invest in cryptocurrencies come from Asia with high incomes.<\/p>\n

At the same time, the researchers found that the size of investments among users is relatively modest. The average transfer to crypto platforms since mid-2015 has been about $620, roughly equal to a week\u2019s pay. Almost 15% of investors allocated more than a month\u2019s earnings to digital assets.<\/p>\n

Returning to the interest in cryptocurrencies relative to price movements, analysts noted that most low-income investors bought at higher prices.<\/p>\n

For example, the median price at which the first cryptocurrency was purchased among this cohort of Millennials is $45,500, while among their wealthier peers it is $42,400. This trend holds across all generations.<\/p>\n

\"JPMorgan:
Average price of Bitcoin purchases by generation and income level. Data: JPMorgan.<\/figcaption><\/figure>\n

Nearly half of cryptocurrency owners in the US earned profits from investments that were lower than expected<\/a>, according to a Pew Research Center survey published in August.<\/p>\n

Read ForkLog Bitcoin news in our Telegram<\/a> \u2014 cryptocurrency news, prices and analytics.<\/p>\n","protected":false},"excerpt":{"rendered":"

The share of US adults who have ever transferred funds to a cryptocurrency-related account rose from 3% in 2020 to 13% as of June 2022, according to JPMorgan’s study.<\/p>\n","protected":false},"author":1,"featured_media":71404,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[229,167],"class_list":["post-71403","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-jpmorgan","tag-research"],"aioseo_notices":[],"amp_enabled":true,"views":"26","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/71403","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=71403"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/71403\/revisions"}],"predecessor-version":[{"id":71405,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/71403\/revisions\/71405"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/71404"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=71403"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=71403"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=71403"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}