ChainCatcher news, according to Cointelegraph, the Consumer Finance Institute (CFI) of the Philadelphia Branch of the Federal Reserve released a report on September 6 showing that cryptocurrency holdings did not increase with the market recovery. The survey showed that between January and October 2022, cryptocurrency holdings fell from 24.6% to 19.1%. Although the market recovered over the next 18 months, the ownership ratio in January 2024 was just 15.4%. The holding rate also did not see significant growth during Bitcoin’s March price peak and April halving.
However, the researchers noted that this year’s price increases appear to have led to an increase in future purchase intentions. During the 2022 crypto winter, purchase intentions dropped from 18.8% to 10.6%, but as the market recovers, 21.8% of respondents said they might buy cryptocurrencies by April 2024.