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Cryptocurrency information about United States of America
How many crypto owners in USA?
It is estimated that 27 million people, 8.3% of America’s total population, currently own cryptocurrency.(1)
What do crypto owners in USA look like?
American men are almost twice as likely to invest in crypto, with 19% of American men owning crypto versus just 10% of American women.(2)
In 2018, a survey conducted by ING found that 57% of America residents had heard of cryptocurrency. Comparing this with the 2019 survey results from IE CGC, more Americans (almost 70%) have heard of cryptocurrencies. This suggests a growing interest among Americans in purchasing cryptocurrency since 2018 which varies significantly across age and income.
Breaking down cryptocurrency ownership by income, ownership levels are significantly higher among the very wealthy. Out of the surveyed owners, over 70% of them have an annual income above USS1 million, and 33% of them with income between US$500,000 and US$999,999.
Majority of the US cryptocurrency owners are in the 18-44 age group (58%). 5% of them are 55 and above. This concludes that cryptocurrencies are largely owned by young, tech savvy and wealthy Americans.
Highly educated Americans are more likely to own cryptocurrencies, 17% of them hold a doctorate education and equivalent, while 9% with a secondary education. On top of that, a higher percentage of American men (16%) own cryptocurrencies than women (7%).
How big is the potential for crypto in USA?
USA has the highest distribution of traders on major crypto exchange and wallet Coinbase (60%), while on Binance, Bittrex and Poloniex, U.S. traders make up a substantial 24%, 27% and 28% of total crypto traders respectively.(3)
46% of American cryptocurrency owners are already using cryptocurrency to make purchases, while the rest own cryptocurrency solely for investment purposes.
Do you own Cryptocurrency for purchases:
Crypto’s rising popularity in USA
- Decrypt.co: 6% of American Investors Own Bitcoin – July 2021
A poll by American analytics company Gallup has found that since 2018, Bitcoin and other cryptocurrencies have gained momentum with US investors, particularly young men. - Haaretz.com: Jewish National Fund-USA to Accept Bitcoin – April 2021
JNF-USA has entered a brave new world and set itself up to receive gifts of about a dozen cryptocurrencies, but will convert donations to cash immediately given cryptocurrencies’ wild price fluctuations. - DW.com: US cryptocurrency exchange Coinbase makes stock market debut – April 2021
Coinbase is the first major cryptocurrency company to go public in the US. The listing is a milestone on the way to wider acceptance of cryptocurrencies, says Charles Hwang, a crypto expert and blockchain professor at New York’s Baruch College. - The Business Times: PayPal allows US shoppers to make crypto purchases – March 2021
PayPal began allowing people in the United States to use cryptocurrency to make purchases from millions of merchants that use the financial platform for online transactions. “Enabling cryptocurrencies to make purchases at businesses around the world is the next chapter in driving the ubiquity and mass acceptance of digital currencies.” – PayPal chief executive. - American Express: US banks move into cryptocurrency payments… – November 2020
U.S. banks are creating their own systems to enable B2B cryptocurrency payments between their customers. - FinTech: Post-Covid America is warming to crypto… – October 2020
Perceptions of cryptocurrency is shifting in the States and why it matters. - Paxos.com: US dollar-backed stablecoin issuance passes $1.6billion… – July 2020
There have been more than $1.6 billion HUSD tokens issued and more than $3 billion worth of transactions processed. - Bitcoin.com: US Cryptocurrency Act of 2020 introduced… – March 2020
The bill introduced clarifies which federal agencies regulate which type of crypto assets.
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