About 13 percent of the U.S. population (approximately 43 million people) have ever held cryptocurrencies, up from 3 percent in 2020, according to a JPMorgan research report, "Dynamics and Demographics of U.S. Household Crypto Asset Use." The study also pointed out that cryptocurrency holders usually make their first cryptocurrency purchases during cryptocurrency price surges, but this changed in early 2022 as cryptocurrency prices fell, and the report found that more than 25% of millennials Millennial men have purchased cryptocurrencies, while only about 12% of millennial women and 5% of baby boomer men have, and about 15% of cryptocurrency holders invest more than a month’s salary in cryptocurrencies .