March 2, 2023

20% of US Adults Own Crypto, Survey Shows

20% of US Adults Own Crypto, Survey Shows Featured Image

A new survey by Coinbase showed that 20% of adults in the United States possess crypto, while 29% of the adults plan to buy crypto in the coming 12 months, Bitcoin News reported.

Coinbase conducted a survey from February 10 to 14 that included 2,202 people from the US general population as it paid attention to gender, region, age, race/ethnicity, and educational attainment. The survey’s main goal is to examine perceptions of the global financial system and know the US adults’ and cryptocurrency investors’ outlook on the future of the crypto market and exchanges.

In a statement, Coinbase said the majority of Americans want to see the financial system updated and believe that crypto could be a powerful part of the solution. This statement came as a result of the survey’s findings, which showed 80% of the participants believe the current financial system is unfair, as the majority expressed their frustration with the current financial system, saying it needs a change.

The crypto exchange also noted that most of the surveyed are optimistic about the future of crypto and understand its potential to make a change in the financial system.

The aforementioned percentages mean that about 52.3 million American adults are owning crypto and 75.5 million adults are expected to trade crypto within a year.

The Nasdaq-listed cryptocurrency exchange added that 76% of those who are owning crypto agree that cryptocurrencies and blockchain are the future, pointing out that these numbers are even higher amongst people of color and younger Americans. It also underlined that crypto ownership in 2022 remained unchanged despite the thunderous events that happened in 2022.

Coinbase has approximately 110 million verified users and has partnered with 245,000 companies in over 100 countries since it was founded in 2012.

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