**Crypto Ownership Stagnates Despite Market Surge, Says Fed Report**

The Federal Reserve Bank of Philadelphia's Consumer Finance Institute (CFI) has found that cryptocurrency ownership isn't keeping pace with the market's recent resurgence. According to a Sept. 6 report, crypto ownership dropped from 24.6% in January 2022 to 15.4% in January 2024.

Interestingly, even with Bitcoin's price peaks and market recovery, ownership rates remained low, hovering around 14.7% by July 2024. However, the report noted a rise in interest for future crypto purchases, with 21.8% of respondents likely to buy crypto by April 2024, up from 10.6% during the 2022 crypto winter.

Despite a 150% market gain since early 2023, actual ownership hasn't mirrored this growth. The Fed's surveys, targeting 5,000 respondents, contrast with Coinbase's finding of 52 million American crypto owners in September 2023.