📉 According to the Federal Reserve's annual survey, the number of US adults using crypto dropped to 7% last year, down from 10% in 2022 and 12% in 2021. The 1% who used crypto for transactions cited the recipient's preference for crypto as the main reason. Interestingly, the least cited reason was a lack of trust in banks. High-income individuals, millennials, and men were the most likely to use crypto. The survey's results challenge Coinbase's claim that 52 million Americans own crypto. So, who's telling the truth? Stay tuned! 🕵️‍♂️