A new study by Finder.com shows that around 26 mln Americans own cryptocurrency, more men than women, but more millennials than baby boomers.
A recent study on Americans and cryptocurrencies, commissioned by Finder.com in February, shows that 8 percent, or around 26 mln, of Americans have purchased cryptocurrency.
Finder’s survey was answered by 2,001 Americans adults using Pureprofile, a site that gives cash rewards to users that participate in its surveys.
The survey found that out of the 92.05 percent of Americans that have not purchased crypto, almost 8 percent reported that they are planning on doing so in the future. According to the survey, men are more than double as likely as women to own cryptocurrency — 11.86 percent of all men to 4.27 percent of all women — as well as more likely to own more crypto in terms of dollar value.
Cryptocurrencies are disproportionately owned more by millenials as opposed to baby boomers–17.2 percent of millenials and 2.24 percent of baby boomers reported having crypto holdings.
The survey also address the reasons why Americans are not buying cryptocurrencies. The majority of both men and women think that “there is no need or they are disinterested,” while the least popular reason for both genders is “there are too many fees.”
More than twice the amount of men as opposed to women consider crypto to be a bubble or a scam, but both genders see it about equally “too difficult to use” and “too complicated to understand.”
Different generations have different reasons for their lack of owning any cryptocurrencies.
As for the most popular kinds of cryptocurrency bought by American adults, Bitcoin comes in first place, with Ethereum (ETH) almost four percentage points lower in second, and Bitcoin Cash (BCH) in third with less than one percent.
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Author: Molly Jane Zuckerman