.jpmorgan has revealed how widespread crypto purchases are in the U.S.
recently published by JPMorgan Chase, 13% of Americans transferred funds into a crypto-linked account as of June.
Unsurprisingly, the adoption of cryptocurrency accounts coincided with significant Bitcoin price increases. The report, which covers data from the period 2015-2022, shows that retail investor outflows to crypto accounts substantially exceed inflows from the same accounts. However, following a recent price correction, the net direction of transfers gradually became more balanced in early 2022.
JPMorgan has found that millennials tend to be the most crypto-friendly demographic group, which is in line with similar studies. Baby Boomers, on the other hand, are yet to warm up to the nascent asset class, with only 4% making transfers to crypto accounts.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
JPMorgan Chase CEO Jamie Dimon: Government default would be ‘catastrophic’ ahead of funding deadlineJamie Dimon said that Republicans and Democrats should address the debt ceiling now rather than risk a showdown later as they continue working to avoid a government shutdown.
Read more »
Southeast Asian markets are in for a 'bungee jump' in 2023, says JPMorganThe region's markets are likely to plunge before surging in the second half of 2023, according to JPMorgan analysts.
Read more »
JPMorgan Chase CEO Jamie Dimon says he’s thankful ‘wing nuts’ in both parties weren’t electedJPMorgan CEO Jamie Dimon, reflecting on the outcome of the November terms, said he was satisfied the 'wing nuts' in both parties weren't elected.
Read more »
JPMorgan upgrades Box, says cloud stock can rally 20% on strong financials and product suiteThe firm said the company could see an even higher price if free cash flow goals are met.
Read more »
Dimon says Ukraine war should be 'turning point' for U.S. on global stageJamie Dimon, the CEO of JPMorgan Chase, America's largest bank, said the ongoing war in Ukraine should serve as a 'turning point' that lulls U.S. leaders out of a 'false sense of security.'
Read more »
FTX's stranded customer funds draw attention from distressed asset investorsCredit investment firms are looking to buy claims from the bankrupt crypto exchange's clients who could otherwise wait years to see any money.
Read more »