According to a recent survey by the Pew Research Center, the vast majority of American adults (86%) have heard at least a little about digital currencies. However, only 16% of participants admitted to having personally invested in some of them.
Americans are aware of crypto
The non-partisan think tank – Pew Research Center – surveyed more than 10,000 U.S. citizens to determine the level of crypto awareness among them. According to the results, 24% of participants said they knew a lot about digital assets, while 62% said they had only heard of them. 13% don’t know what bitcoin, ether, or any other virtual token is.
The poll also found that 31% of US citizens with higher incomes are more likely to have heard of cryptocurrencies, while the percentage rises to 25% among those with an average salary. Only 21% of low-income people have basic knowledge in this area.
The number of people who know cryptocurrencies has increased dramatically since similar research in 2015 showed that less than 50% of people knew about bitcoin.
The share of actual crypto investors and those who deal with the asset class, however, is only 16%. The trends change dramatically when it comes to men between the ages of 18 and 29. According to the survey, they are the most active demographic in the industry with 43% of them having experience investing, trading or using digital assets. This share among women under 30 is 19%.
Predictably, people over 65 have shown no desire to jump on the digital asset bandwagon, and only 3% of them admitted to having dealt with this asset class before.
Some Americans have made their fortunes from crypto investments
Data from another recent survey showed that about 4% of U.S. residents who invested in the crypto market quit their jobs in the past 12 months because they made enough profit. 7% of participants said they knew someone who quit their job because they accumulated cryptocurrency earnings.
On closer inspection, the large proportion of individuals are those in the lowest income brackets since 64% were people receiving no more than $ 50,000 per year. In contrast, only 8% of those earning more than $ 150,000 did so.
The results appeared to have impressed Mark Cuban – the billionaire entrepreneur and owner of the Dallas Mavericks – as he even shared the post on his personal Twitter account. He hinted that this percentage could increase in the future if bitcoin and altcoins continue to rise against the dollar.
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