{"id":444494,"date":"2026-09-22T22:40:09","date_gmt":"2026-09-22T22:40:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-tx\/444494\/"},"modified":"2026-09-22T22:40:09","modified_gmt":"2026-09-22T22:40:09","slug":"cryptos-honeymoon-period-fades-as-ownership-declines","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-tx\/444494\/","title":{"rendered":"Crypto’s ‘honeymoon period’ fades as ownership declines"},"content":{"rendered":"

(TNND) \u2014 Cryptocurrency ownership has fallen from its high point a year ago as financial experts say the once edgy, underground asset has lost some steam with investors.<\/p>\n

A new Gallup survey<\/a> found crypto ownership has fallen from 14% to 9% among all U.S. adults over the last year and from 17% to 11% among investors.<\/p>\n

Two-thirds of investors \u2013 defined by Gallup as folks with $10,000 or more in investable assets \u2013 say they aren\u2019t interested in buying crypto. That\u2019s up just a few percentage points compared to last year.<\/p>\n

The share of investors who say they\u2019re intrigued by crypto or plan to buy has remained flat at just under 20%.<\/p>\n

Young men \u2013 those 18-49 \u2013 are the most likely to own crypto. But even among that subgroup, ownership has fallen from 33% to 24% over the last year.<\/p>\n

Professor Jay Zagorsky<\/a>, with the Questrom School of Business at Boston University, said a crypto price drop over the last year has sent \u201ctenuous investors … looking someplace else to make their fortune.\u201d<\/p>\n

Stephen Kates, a certified financial planner and the principal at Clocktower Financial Consulting<\/a>, said a large majority of the crypto market\u2019s value is concentrated in bitcoin and Ethereum.<\/p>\n

Kates said crypto enjoyed a \u201choneymoon period\u201d in the early 2020s, but the years since haven\u2019t been as kind to the broader cryptocurrency ecosystem as they have been to bitcoin specifically.<\/p>\n

Still, bitcoin was trading<\/a> around $86,000 per coin as of Tuesday afternoon, down from a peak of over $120,000 last fall.<\/p>\n

Kates said he expects bitcoin and Ethereum to remain \u201cmildly popular\u201d yet \u201cvolatile\u201d assets. But he said crypto is no longer seen as the \u201cit\u201d investment.<\/p>\n

\u201cThe end of cheap money means cryptocurrencies must compete with less risky, yield-producing assets for investor capital,\u201d Kates said via email. \u201cThe rise of sports betting and prediction markets has also expanded the number of outlets available to people looking for speculative opportunities, although it is difficult to say exactly how much this has actually displaced crypto speculation.\u201d<\/p>\n

\"FILE<\/p>\n

FILE – A cryptocurrency ATM setup in a convenience store on May 12, 2022, in Miami. (Photo by Joe Raedle\/Getty Images)<\/p>\n

Crypto operates through blockchains<\/a>, or decentralized digital ledgers.<\/p>\n

Unlike traditional financial assets, like stocks and bonds, crypto is an asset whose entire value depends on what people are willing to pay for it at a period in time based on what they think someone else will pay for it in the future.<\/p>\n

The majority of investors, 63%, told Gallup that crypto is a \u201cvery\u201d risky place to put their money.<\/p>\n

Kates said bitcoin and Ethereum seem to have some staying power, but he expects many of the other coins and tokens to \u201cfade further into obscurity or remain primarily outlets for speculation, memes, and gambling.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"(TNND) \u2014 Cryptocurrency ownership has fallen from its high point a year ago as financial experts say the…\n","protected":false},"author":2,"featured_media":444495,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[138,140,139],"class_list":["post-444494","post","type-post","status-publish","format-standard","has-post-thumbnail","category-el-paso","tag-el-paso","tag-el-paso-headlines","tag-el-paso-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/444494","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/comments?post=444494"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/444494\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media\/444495"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media?parent=444494"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/categories?post=444494"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/tags?post=444494"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}