One in five American adults have invested in cryptos: survey

April 2, 2022

By Anjali Kochhar

One in five Americans has invested in cryptocurrencies and more strikingly, 50% of male millennials and Gen Zs have dabbled in digital assets, a new CNBC poll has found.

As per the poll, 40% of black Americans have said that they have traded or used crypto while 42% of all people between the ages of 18 and 34 years said the same.

Adding to that, more professional investors anticipate that crypto will move to the mainstream, with 84% of institutional allocators and wealth managers surveyed expecting wider use cases for crypto.

Beyond that, retail investors are already seeing greater opportunities to use crypto as payments, making it more accessible than ever before.

21% of the 1,000 Americans polled said they have at least once used or invested in cryptos. This shows how much the relatively young industry has taken off in recent years.

These findings also line up with previous studies into Americans’ understanding of crypto and how they use it. They also highlight how an increasing number of Americans are beginning to try their hand in cryptocurrencies at a time when the young industry continues to gain ground.

Commenting on the new findings, Indian exchange CoinDCX said, “With that, it is obvious that crypto is becoming more than just an elusive currency but continues to cement its position as an asset class and as a respected alternative to fiat.”

About the author

Anjali Kochhar covers cryptocurrency stories in India as well as globally. Having been in the field of media and journalism for over three years now, she has developed a sharp news sense and works hard to present information that goes beyond the obvious. She is an avid reader and loves writing on a wide range of subjects.

Leave a Reply