Bitcoin’s recent price surge has caught the attention of many individuals who were previously skeptical about the cryptocurrency. According to a survey conducted by the Federal Reserve, interest in Bitcoin has increased among ‘nocoiners’ – those who do not own any cryptocurrency. However, despite the growing curiosity, ownership of Bitcoin has remained stagnant.
The survey revealed that while more people are intrigued by Bitcoin’s price movements and potential for growth, they have not taken the step to actually invest in the digital currency. This could be due to various reasons such as concerns about security, volatility, and regulatory uncertainties surrounding the cryptocurrency market.
It is important to note that while Bitcoin has gained popularity and mainstream recognition in recent years, there are still barriers preventing some individuals from owning it. As more people become aware of Bitcoin and its potential benefits, it will be interesting to see if ownership levels will eventually increase in the future.