Crypto Ownership Declines as Investors Seek Less Volatile Assets

Cryptocurrency ownership has declined significantly over the past year, according to a new Gallup survey. The survey found that crypto ownership has fallen from 14% to 9% among all U.S. adults and from 17% to 11% among investors.

Two-thirds of investors, those with $10,000 or more in investable assets, say they aren't interested in buying crypto. This is up just a few percentage points compared to last year.

Young men, those 18-49, are the most likely to own crypto. However, even among this subgroup, ownership has fallen from 33% to 24% over the last year.

Professor Jay Zagorsky at Boston University said that a crypto price drop over the last year has sent 'tenuous investors looking someplace else to make their fortune.'