The Tiny Portion of Crypto Assets Used for Payments

Crypto. It is not really an investment (no profits or returns) or a currency, but people still pretend like it is both.

This, from David Frum in The Atlantic

"Most cryptocurrency owners don’t use it to buy things or pay people. A 2023 survey by the Federal Deposit Insurance Corporation found that among the small minority of U.S. households that own crypto assets, only 3.3 percent use them to send or receive payments; about 2 percent use them to purchase goods in the real economy."