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Reproduced from CivicScience; Chart: Axios Visuals

Use of and interest in cryptocurrency remains far from mainstream, but it's growing at a sizable clip. Companies like PayPal, Square and most recently Tesla are helping by launching crypto payment programs.

Driving the news: A survey from data firm CivicScience provided first to Axios shows that since the third quarter of 2019 the number of people investing in cryptocurrencies has risen 50% — to 9% from 6% — and the number of people who intend to use crypto has more than doubled, rising to 7% from 3%.

  • CivicScience's data also show that while the percentage of respondents who say they are not interested in crypto has remained the same, the percentage who say they have never heard of it has dropped from 21% in 2019 to 18% as of the end of January.

One level deeper: The survey found that 6% of respondents say they are likely to purchase cryptocurrency through PayPal, with past experience in crypto investment largely dictating interest.

  • Those who have previously invested in cryptocurrency are the most likely to purchase it through PayPal (26%).
  • Those who intend to invest in cryptocurrency are only slightly less likely to say they will purchase through PayPal (25%).
  • Most who have never invested (including those unaware of cryptocurrency) are unlikely to purchase crypto through PayPal (98%).

Go deeper

Felix Salmon, author of Capital
Feb 9, 2021 - Economy & Business

Why Tesla went into bitcoin

Expand chart
Data: YCharts; Chart: Axios Visuals

When Elon Musk's Tesla spends $1.5 billion on bitcoin and announces that it will start accepting the cryptocurrency as payment for its cars, it's natural to ask why it would do such a thing.

Why it matters: The simplest explanation — it's just Elon being Elon — is almost certainly the correct explanation. But it also makes sense that the Tesla CEO would do such a thing.

Updated 16 mins ago - Sports

Olympics dashboard

🚨: Team USA closes out Day 1 with no medals for 1st time since 1972

📺: The Olympic events to watch today

🛹: Athlete spotlight - Nyjah Huston hopes to skate his way into Olympic history

🇺🇸: After loss to Sweden, U.S. women's soccer team overwhelms New Zealand

🥇: The six new sports at Tokyo 2020

👻: How the no-spectator Olympics could affect the athletes

💉 About 100 U.S. Olympic athletes are unvaccinated

Go deeper: Full Axios coverage

1 hour ago - Sports

Jill Biden cheers on Team USA at Tokyo Olympics

Jill Biden congratulates U.S. women 3x3 basketball team after the first round 3x3 basketball match. Photo: Mustafa Yalcin/Anadolu Agency via Getty Images

First lady Jill Biden attended three Olympic events on Saturday and hosted a watch party at the U.S. Embassy for the Team USA-Mexico softball game.

Driving the news: On her first day as a spectator at the Games, Biden attended a women's 3x3 basketball game, cheered on American swimmers during preliminary heats and caught the second half of the U.S. women's soccer game against New Zealand.