Crypto Wallet Adoption is Skewing Affluent as Dreams of Financial Freedom Fades
A new research report from global payments infrastructure platform Mercuryo and Web3 research firm Protocol Theory shows that while cryptowallet adoption is accelerating among affluent users, lower-income groups face costly access points and risk being excluded.
The nationally representative survey of 3,428 U.S. adults highlights a widening divide. More than half of Americans earning over $100,000 report owning crypto, compared with just one in four earning under $40,000. Wealthier adults are also nearly three times more likely to use a self-custodial wallet. By contrast, lower-income communities are more visible in transactional use cases, such as remittances and cash-to-crypto conversions…
