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U.S. Bank Failures Are Fueling Crypto Adoption
Cryptocurrency adoption in the U.S. increased amid fears of a full-blown banking crisis, a new poll finds. According to Morning Consult, 22% of Americans, over one in five, said they owned at least one form of crypto in April, representing a four-percentage-point increase from January. Not surprisingly, Bitcoin was the most widely held digital asset in April, with 16% of respondents saying they owned some of it. That’s up from 13% a year earlier. Ethereum was the number two asset, with 12% ownership in April 2023, followed by Binance Coin and Tether at 8% each. chart I must point out, though, that many people ... (full story)
