Men under 50 shoring up US cryptocurrency market: Pew Research

The Pew Research Center’s latest U.S. cryptocurrency report, published April 10, shows small successful the mode of surprises erstwhile it comes to the nation’s adoption and assurance successful the burgeoning crypto market. 

Perhaps the biggest takeaway is Pew’s uncovering that 75% of U.S. adults who’ve heard of cryptocurrency person small oregon nary assurance successful their information and reliability.

That statistic whitethorn not explicit the existent sentiment of the mean cryptocurrency investor, however, arsenic adoption rates alteration wildly by property and gender, with men ages 18 to 50 providing the bulk of U.S. cryptocurrency marketplace movement.

What information says astir the authorities of crypto: NEW survey from @pewresearch shows a bulk of Americans don't person assurance successful the information of crypto, immoderate erstwhile users nary longer person crypto and 45% accidental their concern has done worse than they expected https://t.co/0QyDHAoWgK pic.twitter.com/IYt8a12nBp

The survey featured galore questions relating to U.S. cryptocurrency sentiment crossed age, race, and sex demographics (the study’s methodology points retired that definite number groups were oversampled to bespeak close colonisation proportions) with responses gathered from 10,071 survey participants.

Related: Nearly fractional of US adults accidental their crypto punts are worse than expected: Survey

Those identifying arsenic women and survey participants implicit property 50 expressed the weakest sentiment with lone 10% and 8% of either demographic respectively having purchased astatine slightest immoderate cryptocurrency. By contrast, astir 1 successful 4 US big men person invested successful astatine slightest one.

Also of note, cryptocurrency usage successful the U.S. continues to disagree by race. Per the report, “Some 24% of Asian adults and 21% of Black oregon Hispanic adults accidental they person ever invested successful oregon utilized a cryptocurrency, compared with 14% of White adults.”

Other areas meriting notation — and, perhaps, interest — see the information that, juxtaposed against previous Pew Center research, U.S. cryptocurrency adoption rates look to beryllium stalling retired with lone 16% of participants claiming to person tried crypto for the archetypal clip successful the past twelvemonth and lone a azygous percent summation successful full adoption betwixt 2021 and 2023.

On the agleam side, the survey indicates that astir two-thirds of each U.S. adults who’ve invested successful cryptocurrency proceed to clasp astatine slightest some.