Kevin Helms
A student of Austrian economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open source systems, network effects and the intersection of economics and cryptography.
20% of US Adults Currently Own Crypto – Featured Bitcoin News
A national survey commissioned by Coinbase suggests that roughly 20% of American adults currently own crypto. Additionally, 29% of US adults plan to buy or trade crypto in the next 12 months. “The vast majority of Americans want to see the financial system updated, and they believe crypto can be a powerful part of the solution,” Coinbase said.
Crypto Survey commissioned by Coinbase
A nationwide survey of 2,202 participants from the general population was conducted by Morning Consult from 10-14. February. “The data was weighted to be representative of US adults based on age, race/ethnicity, gender, education level and region,” the market research firm described. “The purpose of this study was to examine perceptions of the global financial system and how US adults and cryptocurrency investors view the future of the crypto market and exchanges.”
Referring to the survey results, Nasdaq-listed cryptocurrency exchange Coinbase, which commissioned the study, commented:
The vast majority of Americans want to see the financial system updated, and they believe crypto can be a powerful part of the solution.
Noting that “80% of Americans believe the global financial system unfairly favors powerful interests” and “67% of Americans agree that the financial system needs major changes or a complete overhaul,” Coinbase wrote:
The survey found that 80% of respondents believe the current financial system is unfair, with the overwhelming majority expressing frustration with the current financial system and a hunger for change.
The crypto exchange added that the survey further “indicates that most Americans remain optimistic about the future of crypto and understand the potential to be part of the solution to bring about meaningful change in the financial system that will benefit society as a whole.” “
Morning Consult detailed: “20% of Americans currently own some form of cryptocurrency, and 29% are likely to buy or trade crypto in the next 12 months. This equates to an estimate of approximately 52.3 million US adults who own crypto, with 75.5 million adults expected to trade crypto at least once in the coming year.” According to Coinbase’s website, the trading platform has more than 110 million verified users.
Coinbase continued:
Despite the tumultuous events of 2022, crypto ownership has largely remained unchanged since early 2022, which has been the historical high water mark for crypto ownership in America.
Also, 76% of those who own crypto agree that cryptocurrency and blockchain are the future. These numbers are even higher among Americans of color and younger Americans,” Coinbase added.
What do you think of this survey? Let us know in the comments section below.
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