Bank of America has released a 140-page report covering the digital assets industry, including NFTs, institutional investments and rates of growth. According to the report, the industry is still “young” and has great potential for future growth.
According to the research, currently 14% of the U.S. population holds cryptocurrencies. The percentage translates as 21 million individuals who use cryptocurrencies as financial holdings, payment tools and more.
The average crypto holder is a caucasian male, 38 years old and he makes approximately $111,000 per year, according to the report.
The youngest and oldest age groups represented are 18-24 and 55-65. Even though the cryptocurrency industry is considered “modern,” the youngest representatives of the industry are the minority.