Fed Report: 12% Of American Adults Invested In Crypto In 2021
The Fed Reserve has released its annual study on Americans’ financial life, and it shows that they are more likely to utilize cryptocurrency as an investing tool than as a means of payment. Fed Report Shows Booming Crypto Economy The report, Economic Well-Being of US Households in 2021, is based on the Federal Reserve Board’s […]
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Only 12% of American adults used crypto in 2021, and the demographic gap between those who invested in it and those who used it in transactions was enormous. The United States Federal Reserve Board has included data on cryptocurrency in its new Economic Well-Being of U.S. Households in 2021 report. The Fed’s ninth annual report looked at survey results from 11,000 people questioned in October and November 2021. The report indicated financial wellbeing is the highest it has been since reporting began, with 78% of U.S. adults “doing okay or living comfortably financially.” That is an....
The number of U.S. crypto investors is set to almost double in 2021, according to a new survey by Gemini. Nearly two-thirds of adults in the United States are interested in learning more about cryptocurrencies like Bitcoin (BTC) or holding them soon, according to a new survey.Gemini, a crypto trading platform owned by Tyler and Cameron Winklevoss, released a new State of U.S. Crypto Report, providing insights about consumer trends in the crypto market in the U.S. The data was collected from a national survey of 3,000 U.S. adults aged 18 to 65 with $40,000 or more in household income.The....
46% of respondents reported having $1,000 or less in crypto, while another 25% said they held between $1,000 and $10,000. The vast majority of cryptocurrency owners in the United States made its first-ever crypto investments just within last year, according to a new survey.About 70% of crypto hodlers in the U.S. started investing in cryptocurrencies like Bitcoin (BTC) in 2021, according to the Crypto Perception Report 2022 by Huobi Group, the operator of major crypto exchange Huobi.The company polled about 3,100 American adults in mid-December 2021 to assess respondents’ knowledge of....
The poll seems to indicate that crypto investors skew younger and more male than the population as a whole. A survey released by the Pew Research Center on Thursday found that roughly 16% of Americans have invested, traded or used some form of cryptocurrency. The number jumps to 31% for people aged 18–29, and even higher to 43% for males in the same age bracket. Black, Hispanic and Asian participants in the study were also each more likely to have invested in crypto than those who identified themselves as white. There seems to have been no disparity by income. Pew Research Analyst Andrew....
It's too bad, as a majority of the crypto investors surveyed said they became interested in crypto as they thought it was a good way to make money. Amid the ongoing crypto winter, new data from a Pew Research Centre survey has shown that 46% of adult crypto users in the United States are seeing lower than expected returns on their crypto investments. The survey gathered responses from over 6,000 randomly-selected adults across the United States, with panelists participating in self-administered web surveys. Conducted from July 5 to 22 of this year, the majority of respondents who said they....