Fun

Coinbase Survey: 20% of US Adults Currently Own Crypto

News Feed - 2023-03-01 12:03:28

Coinbase Survey: 20% of US Adults Currently Own Crypto


A national survey commissioned by Coinbase suggests that about 20% of U.S. adults currently own crypto. In addition, 29% of U.S. adults plan to buy or trade crypto in the next 12 months. “The vast majority of Americans want to see the financial system updated and they believe crypto can be a powerful part of the solution,” Coinbase said. Crypto Survey Commissioned by Coinbase


A nationwide survey of 2,202 participants from the general population was conducted by Morning Consult from Feb. 10-14. “The data were weighted to be representative of U.S. adults based on age, race/ethnicity, gender, educational attainment, and region,” the market research firm described. “The purpose of this study was to examine perceptions of the global financial system and how U.S. adults and cryptocurrency investors view the future of the crypto market and exchanges.”


Citing the survey results, the Nasdaq-listed cryptocurrency exchange Coinbase, which commissioned the study, commented: The vast majority of Americans want to see the financial system updated and they believe crypto can be a powerful part of the solution.


Noting that “80% of Americans think the global financial system unfairly favors powerful interests” and “67% of Americans agree that the financial system needs major changes or a complete overhaul,” Coinbase wrote: The survey found that 80% of respondents believe the current financial system is unfair, with the overwhelming majority expressing frustration with the current financial system and a hunger for change.


The crypto exchange added that the survey further “indicates that most Americans remain optimistic about the future of crypto and understand its potential to be part of the solution to bring about meaningful change to the financial system that would benefit society as a whole.”


Morning Consult detailed: “20% of Americans currently own some type of cryptocurrency, and 29% are likely to buy or trade crypto in the next 12 months. This translates to an estimate of approximately 52.3 million American adults owning crypto, with 75.5 million adults expected to trade crypto at least once in the coming year.” According to Coinbase’s website, the trading platform has more than 110 million verified users.


Coinbase continued: Despite the tumultuous events of 2022, crypto ownership has remained largely unchanged since early 2022, which has been the historic high watermark for crypto ownership in America.


Moreover, “76% of those who own crypto agree that cryptocurrency and blockchain are the future. These numbers are even higher amongst people of color and younger Americans,” Coinbase added. Tags in this story Americans own crypto, Coinbase survey, Survey, US crypto owners


What do you think about this survey? Let us know in the comments section below. Kevin Helms


A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography. World Wide Web Inventor Tim Berners-Lee Says Crypto Is "Really Dangerous" but Can Be Useful for Remittances FEATURED | 6 days ago Chainalysis: Crypto Scam Revenue Dropped 46% in 2022 FEATURED | Feb 21, 2023


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleEconomist Peter Schiff Warns the Fed Could Be Fighting ‘Complete Economic Collapse’ Next articleNigerian Cash Crisis: Benue State Residents Resort to Barter Trade Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItCentral Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year


The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this ... read more.Draft Law Regulating Aspects of Crypto Taxation Submitted to Russian Parliament Fidelity Investments Launches Crypto, Metaverse ETFs — Says "We Continue to See Demand" SEC Risks Violating Admin Procedure Act by Rejecting Spot Bitcoin ETFs, Says Grayscale Privacy-Centric Monero Plans for July Hard Fork, Plans Include Ring Signature, Bulletproof Upgrade

News Feed

Yashu Gola12 hours agoWhy is Litecoin price up today?Litecoin price is up today as traders continue to remain bullish about the upcoming halving event.14226 Total views173 Total sharesListen to article 0:00Altcoin WatchJ
SUI Skyrockets: Bullish Momentum Drives Push Toward $6
Este artículo también está disponible en español. SUI has been going through a remarkable surge recently and has just touched a new all-time high at $5.36. Traders and in
Gemini’s exit from Canada: What’s driving crypto exchanges out?
Helen Partz11 hours agoGemini’s exit from Canada: What’s driving crypto exchanges out?Gemini’s exit came just a few days after the Canadian Securities Administrators released an update to crypto trading firms about
Wormhole’s huge airdrop attracts scammers, spoof tokens and a $3B valuation
Tom Mitchelhill7 hours agoWormhole’s huge airdrop attracts scammers, spoof tokens and a $3B valuationThe cross-chain bridge announced an airdrop that saw over $800 million worth of its W tokens airdropped to select use
Halving Sell-Off Temporary, BTC to Hit $20,000 by Year End, Says Billionaire Investor Novogratz
Halving Sell-Off Temporary, BTC to Hit $20,000 by Year End, Says Billionaire Investor NovogratzBitcoin (BTC) may not have pumped at the scale expected by many halving optimists, but
XRP Ledger onchain transactions drop 65.6% in Q2 2024
Ciaran Lyons6 hours agoXRP Ledger onchain transactions drop 65.6% in Q2 2024The decline in activity and the rise in transaction costs on the XRP Ledger are a significant shift compared to the previous quarter.2326 Total
Jesse Coghlan3 hours agoNearly half of crypto copy traders are Gen Z, says Bitget reportYounger investors are more likely to take part in copy trading or social trading and take advice from social media influencers, acco
JPMorgan: Institutional Investors Dump Gold for Bitcoin Seeing It as Better Inflation Hedge
JPMorgan: Institutional Investors Dump Gold for Bitcoin Seeing It as Better Inflation Hedge Global investment bank JPMorgan says institutional investors are returning to bitcoin, s
Crypto VC funding breaks 2-year downturn in Q1 2024
Ezra Reguerra12 hours agoCrypto VC funding breaks 2-year downturn in Q1 2024Data analyst Crypto Koryo noted a 38% increase in funds invested in the first quarter and a 49% increase in the number of projects that received
IMF Helping Philippines Become Important Crypto Market
IMF Helping Philippines Become Important Crypto Market The International Monetary Fund (IMF) is providing the Philippines with technical assistance regarding crypto assets. The I
Adobe Jumps Into Non-Fungible Token Ecosystem With ‘Prepare as NFT’ Photoshop Tool
Adobe Jumps Into Non-Fungible Token Ecosystem With "Prepare as NFT" Photoshop Tool Adobe Inc., the American multinational computer software company that’s well known for its
Dogecoin And Shiba Inu Social Dominance At 5-Month High — Can FOMO Stall Price Growth?
Este artículo también está disponible en español. Over the past week, blue-chip assets like Bitcoin (BTC) and Ethereum (ETH), have been major topics of discussion in the