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Nearly a Third of Young Americans Have Used, Traded or Invested in Cryptocurrencies, According to New Survey

Nearly a Third of Young Americans Have Used, Traded or Invested in Cryptocurrencies, According to New Survey


Washington-based think tank Pew Research Center is revealing that a considerable number of young American adults have dabbled in cryptocurrencies.

Based on results from a new survey, Pew says that most Americans are familiar with digital assets.

“Overall, 86% of Americans say they have heard at least a little about cryptocurrencies, including 24% who say they have heard a lot about them, according to the survey of U.S. adults, conducted Sept. 13th-19th, 2021.”

Pew’s research also notes that younger Americans are more likely to say they have used cryptocurrencies compared to their older counterparts.

“Roughly three-in-ten Americans ages 18 to 29 (31%) say they have ever invested in, traded or used a cryptocurrency such as Bitcoin (BTC) or Ethereum (ETH) compared with smaller shares of adults in older age groups.”

The study also highlights the differences between genders, saying that American men are more likely than women to use crypto, especially when comparing younger age groups.

“Men are about twice as likely as women to say they ever used a cryptocurrency (22% vs. 10%). These differences are especially pronounced when looking at age and gender together.

About four-in-ten men ages 18 to 29 (43%), for example, say they have ever invested in, traded or used a cryptocurrency, compared with 19% of women in the same age range.”

Overall, 16% of American investors say they have personally used, traded or invested in cryptocurrencies, according to the poll.

You can read the full report here.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/spainter_vfx/OSTILL is Franck Camhi





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