Piplsay Study Says 33% of Americans Own Cryptocurrency By CoinQuora

The Largest Crypto Exchanges Invest in India Despite Policy Uncertainty

Piplsay Study Says 33% of Americans Own Cryptocurrency

  • There is rising adoption of cryptocurrency among Americans.
  • 33% of Americans own a minimum of one type of digital asset.

A new survey reports that there is rising adoption of cryptocurrency among Americans. Moreover, the study of Piplsay, backed by MarketCube, identified that 33% of Americans own a minimum of one type of digital asset.

In addition, nearly half of all millennials polled possess few types of crypto compared to more than a third of Gen Xers and 13% of Gen Zers. Approximately half of the respondents are keen on buying services or products utilizing digital assets. More so, the millennials lead the pack in terms of adoption again.

Moreover, 46% of Americans plan to buy crypto in the next year. However, 21% are looking to sell, while the rest prefer to stick with their current positions. The huge majority of respondents recognize cryptocurrency as a risky asset. However, they cited indicators such as lack of system knowledge, lack of regulations, volatility, and fear of fraudulent methods.

For instance, over 2 out of 3 Americans polled say they are almost or familiar with cryptocurrency. Of those familiar, more than 40% believe that the main goal of crypto is to replace money, while over 30% think that crypto is a store of value.

Added to this, the research found that 88% of the respondents who invest in crypto hold a college or a master’s degree. Furthermore, the Piplsay survey was conducted nationwide in the US in May 2021. However, they got 5,061 online responses from individuals aged 18 years and older.

Recently, another survey conducted by bitFlyer revealed that Americans are more attracted to cryptos than to gold and ETFs.

This article was first published on coinquora.com

Continue reading on CoinQuora

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Registered For FREE Forex Training!

Fill In Your Details To Get Registered For FREE Forex Training!