10% of Americans Used Crypto in 2025, Highest Level Since 2022: Federal Reserve Report

Interest in crypto grew again in the United States during 2025, with around 10% of adults saying they used or invested in crypto, according to a new report on the financial well-being of households. The figure marks the highest level of crypto adoption since 2022 and signals a recovery in public interest after two slower years.

Crypto Investment Remains the Main Reason for Adoption

Most Americans continued to see crypto as an investment rather than a payment tool. Around 9% of respondents said they used cryptocurrency for investment purposes, while only 2% reported using digital assets for payments. Another 1% said they used crypto to transfer money to family members or friends.

Despite the increase, crypto usage still remains below the 2021 peak, when 12% of Americans reported using digital assets in some form.

Why Some Americans Prefer Crypto Payments

Among people who used crypto for payments, more than 25% said businesses preferred receiving digital currencies. Respondents pointed to faster transactions, better privacy, and lower fees as key advantages.

The report also showed crypto usage was more common among unbanked individuals. Around 6% of Americans without bank accounts used crypto for transactions, compared with 2% among people with traditional banking access.

Kevin Warsh’s Bitcoin Stance Gains Attention

The findings come as Kevin Warsh prepares to take over leadership at the Federal Reserve after being confirmed by the Senate. Warsh has previously spoken positively about Bitcoin, comparing it to gold and suggesting it can provide market discipline, particularly for younger investors.

Warsh is also known for his stricter approach to inflation and interest rates, making his leadership important for both traditional and crypto markets.