A poll published Thursday by the Pew Research Center found that nearly 16% of Americans have invested, traded or used some form of cryptocurrency. This figure rises to 31% for people between 18 and 29 years, and even higher to 43% for men in the same age group. Black, Latin American, and Asian study participants were more likely to invest in cryptocurrencies than those who identified as whites. Apparently there was no difference in income.
Andrew Perrin, an analyst at Pew Research, said:
“Now we see that most of the American public has heard at least a little bit about cryptocurrencies. It was amazing to see demographic differences in the awareness and use of cryptocurrencies.”
The sample for the survey consisted of 10,371 adults selected from the American Assessment Panel. The committee is drawn from a random selection of national titles, which are then weighted by a number of factors, including race, political party, gender and education.
Committee members were also asked if they had heard of cryptocurrencies at all. Almost a quarter of the respondents (24%) said that they heard a lot about cryptocurrency, and almost two thirds (62%) said that they heard something. About one-eighth (13%) have never heard of cryptocurrency. The cross-table for this question also has some differences by race, gender, age and income.
Most Asian Americans (43%) reported that they knew too much about cryptocurrency. Only 25% to 29% of all other ethnic groups report that they are well acquainted with cryptocurrency. While the investment rate in cryptocurrencies did not differ across income groups, the percentage of respondents who said they were good at cryptocurrency increased in proportion to the income generated here. As with cryptocurrency investments, there is a strong connection between young people and men when it comes to self-reported knowledge about cryptocurrency.
In 2015, the Pew Center conducted a survey that asked similar (though not entirely identical) questions about bitcoin (BTC), not cryptocurrencies in general. Then the results were completely different. Only 1% of respondents said they had invested in bitcoin themselves, and only 48% had ever heard of bitcoin. Respondents who heard about Bitcoin tended to be white men with college degrees and higher incomes.