Tuesday, May 11, 2021

A survey reveals 14% of Americans own cryptocurrencies.

The Takeaway:

14% of Americans own cryptocurrencies as people's interest increases in the sector, found a survey by the Winklevoss-run crypto exchange, Gemini.

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Americans’ interest in the cryptocurrency industry has grown significantly in the past year, found a survey by the Winklevoss-run crypto exchange, Gemini. Interestingly, BTC has remained the most popular digital asset, but the results show that US citizens have larger on-average positions in ether, BCH, and LTC. The last year was somewhat transformative for the crypto ecosystem, with the global pandemic serving as the catalyst as many major institutions warmed up to cryptocurrencies. 


Most crypto investors in the USA are between 25 and 44 years old.

Crypto exchange Gemini conducted a survey trying to determine if the demand for cryptocurrencies has increased. The survey found roughly 14% of all participants said they had purchased digital assets, with the majority – 74% being men and 26% women. When it came down to age, the survey revealed that most crypto investors are between 25 and 44 years old. Gemini noted, “our data show that the ‘average’ cryptocurrency owner is a 38-year-old male making approximately $111,000 a year.” 63% of the respondents classified themselves as “crypto curious,” while 23 went into the “disinterested” graph.


Bitcoin remains the most popular cryptocurrency for US citizens.

The report also outlined that bitcoin remains the most popular cryptocurrency for US citizens. Almost all of the survey participants answered that they are familiar with the leading cryptocurrency bitcoin. The percentage for ETH was 38%. 87% of those who already have purchased cryptocurrencies revealed that they own bitcoin. Ether, Bitcoin Cash, and Litecoin took the following spots with 36%, 22%, and 21%, respectively. However, the average value owned – meaning the USD funds allocated in the aforementioned altcoins– showed significantly different results. Investors favored altcoin with an average holding of over $11,000 in BCH, more than $10,000 in ETH, and just shy of $9,000 in LTC. In contrast, the USD amount worth of BTC was about $8,500.

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Disclaimer: The article reflects the opinions of the author and is not representative of Chaintimes’ views.
The article does not offer any investment advice. User discretion is advised when investing in or trading with cryptocurrency. Extensive and diligent research should be carried out by the reader before making a decision.

Jai Pratap
Jai Pratap
A Mass Media Graduate who loves to write. Jai is also a sports enthusiast and a big movie buff. He loves to learn new things.

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