U.S. Crypto Usage Rate Recovers to 10% in 2025, Federal Reserve Survey Shows
According to Federal Reserve data, U.S. crypto adoption rose from 7% in 2024 to 10% in 2025, with spot Bitcoin and Ethereum ETFs helping draw retail investors back into digital assets.
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Fact Check
The Federal Reserve's 2025 SHED report (federalreserve.gov/publications/files/2025-report-economic-well-being-us-households-202605.pdf) is confirmed to exist and cover cryptocurrency usage. CoinPost directly cites this report for the 10% figure, and PANews independently corroborates it. The prior year's SHED report showed 7% crypto usage in 2023, and the 2022 level was approximately 10%, making the 'highest in three years' framing consistent. The minor caveat is that the '2025 report' covers survey data collected in late 2024, so the claim's framing of '2025' refers to the report year rather than the survey year - a common and acceptable convention. Overall, the claim is well-supported by the primary Federal Reserve source and multiple corroborating news outlets.
Summary
Federal Reserve data showed that about one in ten U.S. adults used or held cryptocurrency in 2025, up from 7% in 2024. Roughly 7% of adults held crypto as an investment, making investing the largest use category in the survey. The data indicates that the recovery in crypto participation was driven more by investment activity than by payments, with spot Bitcoin and Ethereum ETFs helping bring retail investors back into the market.
Terms & Concepts
- Cryptocurrency: A digital asset that uses blockchain-based networks to transfer or store value without relying on traditional banking systems.
- spot Bitcoin and Ethereum ETFs: Exchange-traded funds that directly hold Bitcoin or Ethereum, allowing investors to gain regulated exposure without owning the assets themselves.