Is Crypto Adoption Setting In? Latest Finder Report Shows American Ownership Has Doubled
Crypto ownership within the U.S population increased by close to 100% in the past year. This is according to a recent survey by Australian Financial Services provider, Finder.
Today, over 36 million Americans own a form of digital asset based on the survey’s findings. This figure represents 14.4% of the American population although only a sample of 2,068 was used to make the conclusions.
Crypto Ownership Stats in America
The survey released in mid-October and has the title ‘A rising number of Americans own Crypto’; it details the dynamics of crypto ownership within the U.S. One of the notable points is Bitcoin’s dominance as the digital asset held by most people. However, over 50% of the respondents said that they have holdings in other cryptocurrencies as well.
Have you invested in Crypto yet? According to Finder, 36.5 million Americans have.https://t.co/qmbcL8ZirV
— Finder (@finder) October 14, 2019
Finder also highlighted statistics that show the mean ownership at $5,447 while the median amount stands at $360. This clearly displays the disparity in amounts held between the top quarter percentile and the rest. While the average stands at $5,447 barely three quarters own more than this amount.
Interestingly, men appear to be taking more risk in crypto assets compared to women. Responses from the survey place 19% of men among those that hold crypto while women are at 10%, this is doubled by the men.
Crypto owners within the U.S have different reasons and ways of interacting with their digital assets according to Finder. A large number of Americans hold the coins for investment purposes followed by transactions and finally those who want to avoid financial institutions.
While some Americans may want to own cryptos like Bitcoin they are yet to do so owing to some shortcomings. Over 47% of the survey respondents noted the tech is complicated hence their skeptical attitude. Another 23% view digital assets as a risky investment and are simply not interested.