The University of Chicago’s National Opinion Research Center (NORC) conducted a survey of more than 1,000 Americans to estimate crypto usage. About 14% of Americans have invested in cryptocurrencies such as Bitcoin, Ether, or Dogecoin in the past year. The study shows about 21.2 million adults are already active in the sphere of crypto investment. And 13% of the crypto-curious people plan to purchase more digital assets in the coming year. Of the 63% crypto-curious Americans, the study finds, about 53% are women.
American Crypto Investment Stats
The statistics of the crypto investors entail 41% women, 44% people of color, 35% with annual income less than $60,000, and 45% are college graduates. Another study shows that over 4% of Americans have quit their regular jobs to become full-time crypto investors. They find more profit security in the crypto trade rather than in their previous jobs.
Investors in cryptocurrency tend to be younger and less heterogeneous when it comes to race, gender, culture, and ethnicity, compared to their retail stock counterparts. According to the survey, over three-quarters (74%) of cryptocurrency owners, today are between 25 and 44 years old, and another 19% are between 45 and 55 years old.
Peru became the leading South American country in 2020 in terms of cryptocurrency adoption. Going by the crypto investment statistics, Peru dominated the American crypto market by 16%. Latin America collectively generated crypto trade worth $25 billion in 2020. The main reason behind the popularity of crypto adoption could be the ease of cross-border financial transactions.
Crypto Investment Needs Crypto Education
“Cryptocurrencies are opening up investment opportunities for more diverse investors, which is a very good thing. It will be important that these investors have access to sound information as they make decisions related to these often more volatile investments,” says Angela Fontes, NORC vice president in the department of economics, justice, and society. The importance of education for investors and crypto-curious alike seems to be crucial to crypto growth. Even people who already possess cryptocurrency want to learn more about crypto, according to a survey of 3,000 people. With global crypto currency-based blockchain development companies actively working, crypto education has become easier and crypto investment more accessible.
Since the creation of Bitcoin in 2009, the decentralized crypto trade has been enjoying massive success. Cryptocurrencies are now accepted by several businesses online around the world as a form of payment. In light of the rising popularity of crypto investment, surveys and market data analysis have been keeping up with the surge of crypto investment and trade globally. Thereby, providing individuals and crypto enterprises with a better understanding of the current crypto market.