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December 5, 2022
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87% of Americans know about cryptocurrencies

Only 13% of American residents have never heard of Bitcoin, ether or any other cryptocurrency.

According to a recent survey conducted by the Pew Research Center, the vast majority of American adults (86%) have heard at least a little about digital coins. However, only 16% of participants admitted having personally invested in any of them.

Americans are aware of cryptocurrency

The nonpartisan think tank – Pew Research Center – interviewed more than 10,000 US citizens to determine the level of cryptocurrency awareness among them. By the results, 24% of respondents said they know a lot about digital assets, while 62% said they only heard about them. 13% do not know what Bitcoin, Ethereum or any other virtual assets are.

The survey also found that 31% of US citizens earning more are more likely to have heard of cryptocurrencies, while the percentage is 25% among those with average wages. Only 21% of low-income individuals have basic knowledge on the subject.

The number of people aware of cryptocurrencies has grown significantly since a similar survey in 2015 showed that less than 50% of individuals knew about Bitcoin.

The share of investors in real cryptocurrencies and those dealing with the asset class, however, is only 16%. The trends change dramatically when it comes to men aged 18 to 29 years. According to the survey, they are the most active demographic in the industry, with 43% experienced in investing, trading or using digital assets. This share among women under 30 is 19%.

Somewhat to be expected, people over 65 have shown no desire to join the digital asset movement, and only a mere 3% of them admitted to having dealt with the asset class.

Some Americans have made a fortune investing in cryptocurrency

Data from another recent survey showed that about 4% of US residents who invested in the cryptocurrency market have quit their jobs in the past 12 months because they made enough profits. 7% of respondents said they knew someone who quit their job because they had accumulated cryptocurrency earnings.

Looking closer, the large proportion of individuals are in the lower income brackets, as 64% were people earning no more than $50,000 a year. On the other hand, only 8% of those earning more than $150,000 have done so.

  • See too: NovaDAX celebrates 3rd anniversary with promotion and new cryptocurrencies
  • The results seem to have impressed Mark Cuban, the billionaire businessman 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 increase against the dollar.

    Source: Crypto Potato

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