United States | 2021

Digital currency Adoption and trends in USA in 2021

8.3

%

of Americans
own digital currency

How many digital currencies owners in USA?

It is estimated that 27 million people, 8.3% of America’s total population, currently own digital currency.

What do digital currencies owners in USA look like?

American men are almost twice as likely to invest in digital currencies, with 19% of American men owning digital currencies versus just 10% of American women.

In 2018, a survey conducted by ING found that 57% of America residents had heard of digital currency. Comparing this with the 2019 survey results from IE CGC, more Americans (almost 70%) have heard of digital currencies. This suggests a growing interest among Americans in purchasing digital currency since 2018 which varies significantly across age and income.

Breaking down digital currency 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 digital currency owners are in the 18-44 age group (58%). 5% of them are 55 and above. This concludes that digital currencies are largely owned by young, tech savvy and wealthy Americans.

Highly educated Americans are more likely to own digital currencies, 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 digital currencies than women (7%).

 

How big is the potential for digital currencies in USA?

USA has the highest distribution of traders on major digital currencies exchange and wallet Coinbase (60%), while on Binance, Bittrex and Poloniex, U.S. traders make up a substantial 24%, 27% and 28% of total digital currencies traders respectively.

46% of American digital currency owners are already using digital currency to make purchases, while the rest own digital currency solely for investment purposes.

Do you own Digital currency for purchases?

Digital currencies's rising popularity in USA

Sign up to our newsletter
& stay tuned!