Around 13% of the American population — or 43 million people — have held cryptocurrency at some point in their lives, new research from JPMorgan Chase has revealed.

According to a Dec. 13 report titled “The Dynamics and Demographics of U.S. Household Crypto-Asset Use,” this number has

The crypto market has gone through a dramatic fall in 2022. Bitcoin (BTC) has fallen from a 2022 high of $47,459 in March to $17,208 at the time of writing, while Ether (ETH) has fallen from $3,521 in April to $1,273 at the time of writing.

This fall in the crypto market has been the result of market shocks such as TerraUSD (UST) stablecoin losing its peg in May and crypto exchange FTX going bankrupt in November.

Trading fees have fallen on many crypto exchanges, and Coinbase has even stated that its revenue has fallen by nearly 50%.

But despite this decline in crypto prices and trading activity, this new report indicates that crypto ownership has still increased over the course of the last few years.