The Financial Stability Board and the International Monetary Fund are preparing to release a document urging worldwide cooperation on cryptocurrency policies during the upcoming G20 summit scheduled for this weekend.
The report noted that the news of SpaceX, led by Elon Musk, writing off a portion of its Bitcoin holdings in the previous quarter, played an added role in fueling the correction within the cryptocurrency markets in August.
The authorization establishes Coinbase as the pioneering crypto-centric platform to provide regulated and leveraged cryptocurrency futures in conjunction with conventional spot trading.
The average owner is a 38-year-old man who earns upward of $110,000 a year. 74% of crypto holders in the United States are men, and 77% of them are under the age of 45. Additionally, Gemini found that 71% of crypto investors are white. Just 13% are Latino, and 9% are African American. Another 10% are Asian Americans or Pacific Islanders.
As of 2022, we estimated global crypto ownership rates at an average of 4.2%, with over 320 million crypto users worldwide. Between 2012 and 2021, the price of Bitcoin has increased by over 540,000%.
According to the most recent estimates, Nakamoto owns 1 million Bitcoin, which is worth approx $34.9 billion in today’s money, making him so far the richest person in crypto. Satoshi Nakamoto is a codename for the person or persons that founded Bitcoin in 2008 and wrote the initial Bitcoin white paper.
By the end of 2022, the number of US adults who own at least one cryptocurrency will climb 19.0% to 33.7 million.* That equates to 12.8% of the population, having surpassed 10% last year. The largest ownership group will be adults ages 25 to 34, followed by those ages 35 to 44. The smallest but fastest-growing group will be adults ages 65 and over.
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