{"id":51335,"date":"2021-11-19T10:58:48","date_gmt":"2021-11-19T10:58:48","guid":{"rendered":"https:\/\/timestampmag.com\/?p=51335"},"modified":"2021-11-29T11:31:46","modified_gmt":"2021-11-29T11:31:46","slug":"according-to-the-pew-research-center-at-least-16-of-americans-possess-cryptocurrency","status":"publish","type":"post","link":"https:\/\/timestampmag.com\/2021\/11\/19\/according-to-the-pew-research-center-at-least-16-of-americans-possess-cryptocurrency\/","title":{"rendered":"According To The Pew Research Center, At Least 16% Of Americans Possess Cryptocurrency"},"content":{"rendered":"

According to a Pew Research Center poll<\/a> issued on Thursday, around 16% of Americans had invested, traded, or used cryptocurrencies in some way. For people aged 18\u201329, the percentage rises to 31%, while for males in the same age group, it rises to 43%. Participants in the survey who identified as black, Hispanic, or Asian were all more likely to have invested in cryptocurrency<\/a> than those who identified as white. There did not appear to be any inequality in terms of income.<\/p>\n

Andrew Perrin, a Pew Research Analyst, stated:<\/p>\n

\u201cWe do see now that a large share of the American public has heard at least a little about cryptocurrencies. It was striking to see how there are demographic differences in awareness and use of cryptocurrencies.\u201d<\/p><\/blockquote>\n

Breakdown Of The Survey Shows Some Fascinating Results<\/h2>\n

The poll included 10,371 adults from the American Trends Panel at the center. A national random sample of addresses is used to create the panel, which is then weighted according to a variety of criteria such as ethnicity, political party, gender, and educational attainment.<\/p>\n

Members of the panel were also asked if they were familiar with cryptocurrency<\/a>. Almost a quarter of those polled (24%) said they had heard a lot about cryptocurrency, while nearly two-thirds (62%) said they had heard some. One-eighth of the respondents (13%) had never heard of cryptocurrency. In the crosstabs for this question, there is some variation based on race, gender, age, and wealth.<\/p>\n

Asian Americans were by far the most knowledgeable about cryptocurrency (43 percent). Only 25% to 29% of people from all other ethnic groups said they knew a lot about cryptocurrency.<\/p>\n

The Survey Also Shows Some Correlation In The Knowledge Base Of Investors<\/h2>\n

While there was no difference in crypto investment<\/a> rates across income levels, the percentage of respondents reporting a high level of knowledge of crypto increased in direct proportion to income. When it comes to self-reported crypto expertise, there was a high correlation between youth and being a man, just as there was with crypto investment rates.<\/p>\n

\"\"<\/p>\n

Pew Research Center conducted a poll in 2015 that asked similar<\/a> (but not identical) questions on Bitcoin (BTC), rather than cryptocurrencies in general. The outcomes were considerably different at the time. Only 1% of individuals asked indicated they had invested in Bitcoin, and only 48% had heard of it at all. The majority of those who had heard of Bitcoin were Caucasian, college-educated men with high salaries.<\/p>\n","protected":false},"excerpt":{"rendered":"

According to a Pew Research Center poll issued on Thursday, around 16% of Americans had invested, traded, or used cryptocurrencies in some way. For people aged 18\u201329, the percentage rises to 31%, while for males in the same age group, it rises to 43%. Participants in the survey who identified as black, Hispanic, or Asian […]<\/p>\n","protected":false},"author":13,"featured_media":51336,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[782,784,370,4,781,783],"_links":{"self":[{"href":"https:\/\/timestampmag.com\/wp-json\/wp\/v2\/posts\/51335"}],"collection":[{"href":"https:\/\/timestampmag.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/timestampmag.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/timestampmag.com\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/timestampmag.com\/wp-json\/wp\/v2\/comments?post=51335"}],"version-history":[{"count":1,"href":"https:\/\/timestampmag.com\/wp-json\/wp\/v2\/posts\/51335\/revisions"}],"predecessor-version":[{"id":51338,"href":"https:\/\/timestampmag.com\/wp-json\/wp\/v2\/posts\/51335\/revisions\/51338"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/timestampmag.com\/wp-json\/wp\/v2\/media\/51336"}],"wp:attachment":[{"href":"https:\/\/timestampmag.com\/wp-json\/wp\/v2\/media?parent=51335"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timestampmag.com\/wp-json\/wp\/v2\/categories?post=51335"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timestampmag.com\/wp-json\/wp\/v2\/tags?post=51335"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}