Over 50 million Americans now use crypto: 21% of adults, research shows.
- More than 55 million U.S. adults now use cryptocurrency, with ownership spanning different age groups, professions, and income levels.
- 76% of users trust crypto as much or more than the regular traditional banks, while many support regulation, there is also concern that if excessive rules are imposed on it, it could stifle innovation.
Over 50 million people in the United States now use cryptocurrency, a new study reveals. This study highlights how much digital assets have become a part of daily money matters.
This study, reported by the National Cryptocurrency Association and conducted with The Harris Poll, showed that over 55 million adults in the U.S. now use digital assets. The study showed that this ownership is widespread, cutting across different age groups, job types, and income levels. Most holders are under 45, and almost 9 million are over 55.
According to the research, many work in different fields ranging from construction to healthcare, which further proves that crypto is no longer limited to a specific group of people. About 39% have used digital assets in the past for making purchases, with most of them doing so at least once a year; others have used it as a means to send funds to family, take part in online games, or run their businesses.
Beyond just transactions, 76% of users said it has improved their lives by giving them more financial freedom, access to knowledge, and a role in an evolving industry.
Almost a third of users are women; some earn higher incomes, but many others do not. Surprisingly, more crypto holders work in the construction field than in finance. The study, which was based on 10,000 participants, shows that digital assets are not just a form of investment but a practical tool for daily life.
Crypto Adoption and Public Sentiment in the U.S.
76% of crypto holders trust in the asset, seeing it as reliable and even more trustworthy than traditional banks. While many support regulation (64%), there is also a genuine concern (67%) that if there are too many rules, then it hinders innovation.
Crypto is also being used beyond finance, with holders citing benefits like learning (45%) and the excitement of being part of an innovative field (45%). Despite the rising concerns about scams (75%), actual fraud cases are rare (3%).
In the crypto space, education remains a priority, with 81% ready to expand their knowledge, turning to news sources and online content. Overall, it could be seen that digital assets are becoming a mainstream part of daily life in the U.S., with users optimistic about its role in financial inclusion.
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Read more: https://www.tronweekly.com/over-50-million-americans-now-use-crypto-21-of-adults-research-shows/
Text source: TronWeekly
