Cryptocurrency adoption among American adults hit its highest level in three years during 2025, with approximately 10% reporting some form of crypto use or investment, according to a Federal Reserve report on household economic well-being. This marks an increase compared to previous years, though it remains below the 2021 peak of 12%.
Investment remains the primary driver behind cryptocurrency use, with 9% of respondents indicating they invested in crypto assets. Usage for payments and money transfers remains more modest, with 2% using crypto for purchases and only 1% sending money to family or friends via digital currencies. The report highlights a notable divide in crypto adoption among unbanked versus banked populations, with unbanked Americans exhibiting three times higher transactional use of cryptocurrency.
Payment companies in the US are increasingly integrating crypto options to boost everyday usage. Platforms backed by industry figures like Jack Dorsey’s Block support Bitcoin and stablecoin payments for hundreds of thousands of merchants nationwide. Meanwhile, startups such as Lightspark are advancing Bitcoin Lightning Network solutions aimed at mainstreaming crypto payments.
Among businesses accepting crypto payments, over a quarter of users noted that merchants preferred cryptocurrency for reasons including transaction speed, privacy, and lower fees. However, less than 10% of businesses favored crypto for its security advantages or distrust in traditional banking.
The Federal Reserve’s stance on cryptocurrency has remained cautious, especially under former Chair Jerome Powell. His term ended in 2025, making way for Kevin Warsh’s appointment. Warsh, a former Fed governor with a reputation for hawkish monetary policy, shows a favorable view toward Bitcoin, suggesting it could offer younger investors an alternative store of value similar to gold.