A recent report has revealed that 55 million adults in the U.S. are now engaged with cryptocurrency, and 76% of them believe it positively influences their lives.
On April 2, the findings from the largest-ever survey of American cryptocurrency enthusiasts were published, showing that 21% of U.S. adults, equating to approximately 55 million individuals, utilize digital assets.
Conducted in collaboration with Harris Poll, this report provides valuable insights into how cryptocurrency is being adopted across various demographics and income levels.
Ownership trends towards younger individuals, with 67% of asset holders being under 45 years old. However, there is also a significant trend among older Americans, with 15% of users being over 55. Interestingly, women represent nearly a third of all users (31%). Furthermore, the construction sector has a higher adoption rate (12%) compared to the financial services industry (7%).
“We know that millions of real individuals are using crypto,” stated the President of the association. “This data indicates that people from diverse backgrounds are engaging with cryptocurrency in various ways, and not only are they looking forward to the future, but they are also experiencing benefits today.”
Cryptocurrency as a tool for education, finance, and enjoyment
The findings illustrate that the allure of cryptocurrency goes beyond just financial returns. About 45% of users mentioned that learning and personal development are significant advantages, while the same proportion expressed enjoyment in being part of a burgeoning sector. Nearly 40% of users utilize cryptocurrency for purchases, and 9% transact with it on a daily basis.
A majority of holders (81%) wish to enhance their knowledge of cryptocurrency, particularly regarding security, regulation, and blockchain technology. While 64% advocate for government regulation, 67% caution that it may hinder innovation.
Many users perceive the societal benefits of cryptocurrency, pointing to its potential for financial inclusion (45%), efficiency in digital transactions (45%), and fostering global cooperation (33%).
The President emphasized, “We are eager to further understand who these crypto holders are and how they integrate cryptocurrency into their daily lives so we can provide the best support possible.”