A new study by the National Cryptocurrency Association found that 55 million US adults currently use cryptocurrency, with 76% saying it would have a positive impact on their lives.
On April 2nd, the National Cryptocurrency Association announced the largest survey ever of American cryptocurrency owners. It showed that 21% of US adults, or about 55 million, are using digital assets.
The report, conducted in a partnership with Harris Poll, gives a fresh look at how cryptography is used across a range of demographics and income levels.
Although ownership is younger and 67% of owners under the age of 45 are distorted, this study also found prominent adoption among older adults, as 15% is more than 55%. Cryptocurrency is somewhat more common in the construction sector (12%) than in financial services (7%).
“We know that millions of real individuals use codes,” said Stuart Alderolly, president of the NCA. “According to this data, people from all backgrounds are involved in cryptography in many ways, and are not only excited about the future, they are already benefiting from it today.”
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Cryptocurrency as a tool for education, finance and fun
The report found that Crypto’s appeal exceeded the generation of returns. 45% of users cited learning and personal growth as key benefits, but enjoy the excitement of being part of the emerging sector at the same rate. Almost 40% make purchases using Crypto, and 9% trade daily.
Most owners (81%) want to gain a better understanding of crypto, particularly in security, regulatory, and blockchain technology. 64% support government regulations, while 67% warn that innovation could be curbed.
Many users see the social potential of Crypto, citing its role in financial inclusion (45%), digital transaction efficiency (45%), and global cooperation (33%).
According to Aldeoty, “We are excited to continue to learn more about who (crypto holders) are and how they use cryptography in their daily lives.
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