FTX won’t be restarted and in America 40% of all adults own crypto coins

Last night it was announced that the lawyers managing the bankruptcy of FTX have decided not to restart the major crypto platform. They declared that all of the company’s assets will be sold to compensate FTX’s former customers.

Absolutely thrilled for FTX creditors - likely to be paid back in full. https://t.co/hdG8dGT7i5

— The Wolf Of All Streets (@scottmelker) January 31, 2024

Until further notice, America is still the largest economy in the world, and therefore the most important benchmark for any economic development. As a crypto site, it is therefore very nice to learn that the number of Americans (adults only, that is) who own crypto coins has risen to a record high in 2024.

According to reports in Axios and Forbes this week, digital currencies will therefore also play their role in this year’s elections.

Millennials

40% of all American adults now own crypto, compared to just 30% in 2023. As a reminder, back in 2021 this number stood at 15%. 2022, the last bad year for crypto, seems a long way off.

Seniors are taking their first steps into the crypto world in 2024. Young people (18 to 34 years old, the millennials) are the largest group of crypto owners, followed by Gen Xers (35 to 54 years old).

As with almost all investments (gold, shares, etc.), it is mainly men who invest in crypto coins, although the number of women is visibly increasing. Crypto owners in the United States were 82% male at the start of 2023, but the number of female digital coin owners rose to 29% in 2024.

Also, 21% of all adults who do not yet own crypto coins indicated that they are interested in purchasing Bitcoin and other coins now that they are available through an ETF. This means that another 29 million Americans could join this year if all goes well.

Americans’ favorite coins are, in order: Bitcoin, Ethereum, Dogecoin and Cardano.