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About one-tenth of US adults said they used or invested in crypto in 2025, the highest level in three years, according to a Federal Reserve report on the economic well-being of households.\u00a0<\/p>\n
Roughly 10% used crypto for any reason, up from 2023 and 2024, according<\/a> to the Fed report published on Wednesday.<\/p>\n Despite the rise, 2025\u2019s figures still fell short of crypto adoption seen in 2021, when 12% of Americans reported having used crypto for any reason. \u00a0<\/p>\n \n Breakdown of crypto usage, including investment and payments, among Americans between 2021 and 2025. Source: <\/em>Federal Reserve<\/em><\/a><\/p>\n Expanding Bitcoin (BTC) and crypto into everyday payments has been a key focus area for many American payment companies, including Jack Dorsey\u2019s Block,<\/a> which has enabled Bitcoin and stablecoin payments for over 800,000 US-based merchants.<\/p>\n Lightspark, a Bitcoin Lightning Network<\/a> startup founded by former PayPal President David Marcus, is also looking to push Bitcoin payments into the mainstream.<\/p>\n Around 9% of respondents said they use crypto as an investment vehicle, while just 2% used it for payments, and 1% used it to send money to family or friends.\u00a0<\/p>\n Crypto usage was notably higher among the unbanked, with 6% using crypto for transactions compared to 2% of banked adults. Approximately 6% of Americans were unbanked in 2025.<\/p>\n More than 25% of those who used crypto for payments said the business expressed a preference for payment in crypto, citing advantages such as speed, privacy and lower costs.\u00a0<\/p>\n Less than 10% of businesses expressed a preference for crypto payments due to it being \u201csafer\u201d than banks or because of a lack of trust in the traditional banking system.<\/p>\n The Federal Reserve has adopted a relatively cautious view on crypto over the years, particularly under the leadership of Jerome Powell,<\/a> whose term came to an end on Friday.<\/p>\n Related: <\/strong><\/em>Odds against rate cuts high as new US Fed chair set for swearing in<\/strong><\/em><\/a>\u00a0<\/strong><\/em><\/p>\n Powell is set to be replaced by Kevin Warsh, who was voted in<\/a> by the Senate on Wednesday.<\/p>\n Warsh, who served as a Fed governor from 2006 to 2011, holds a favorable view toward Bitcoin, <\/a>having previously stated that it could \u201cprovide market discipline\u201d and likened it to gold as an investment for those under 40.<\/p>\n Warsh is widely seen as holding hawkish views on monetary policy, often emphasizing fiscal restraint, lower inflation and a preference for relying less on quantitative easing.\u00a0<\/p>\nThe new Federal Reserve chair likes Bitcoin<\/h2>\n