31% of Americans Between The Age of 18-29 Are Involved in Cryptocurrency: Survey

A vast majority of US adults, as much as 86%, have heard at least a little about cryptocurrencies, while 24% of the respondents have heard a lot about them, according to a new Pew Research Center survey.

Only 13% had not heard anything about crypto when the survey was conducted between Sept. 13-19, 2021.

About three-in-ten Americans ages, 18 to 29 (31%) respondents said they have invested in, traded, or used crypto assets, compared with smaller shares of adults in older age groups.

Men ages 18 to 29 are particularly likely to have used cryptocurrencies at 22% compared to 10% of women. This difference is more pronounced when age and gender are put together, as about 43% of men aged 18-29 have invested, traded, or used crypto versus 19% of women in the same age range.

The likelihood of being involved in cryptocurrency, however, decreases with age for both men and women.

30% of men and 13% of women in the 30-49 age group have been involved in crypto in some way which is further reduced to a mere 7% and 4%, respectively, for those over the age of 50.

In terms of ethnicity, the survey found that Asian, Black, and Hispanic adults are more likely than White adults to say they have ever invested in, traded, or used a cryptocurrency.

43% of Asian Americans said they had heard a lot about cryptocurrency, compared with just 29% of Hispanic adults and about a quarter of Black or White adults.

Based on income, Americans with higher incomes (31%) are more likely than those with middle (25%) and lower incomes (21%) to have heard a lot about cryptocurrency as well.