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Men under 50 shoring up US cryptocurrency market: Pew Research

Press Releases Crypto News Cointelegraph Men under 50 shoring up US cryptocurrency market: Pew Research

The Pew Research Center’s latest U.S. cryptocurrency report, published April 10, shows little in the way of surprises when it comes to the nation’s adoption and confidence in the burgeoning crypto market.

Perhaps the biggest takeaway is Pew’s finding that 75% of U.S. adults who’ve heard of cryptocurrency have little or no confidence in its safety and reliability.

That statistic may not express the actual sentiment of the average cryptocurrency investor, however, as adoption rates vary wildly by age and gender, with men ages 18 to 50 providing the bulk of U.S. cryptocurrency market movement.

What data says about the state of crypto: NEW survey from @pewresearch shows a majority of Americans don’t have confidence in the safety of crypto, some former users no longer have crypto and 45% say their investment has done worse than they expected https://t.co/0QyDHAoWgK pic.twitter.com/IYt8a12nBp

— Lee Rainie (@lrainie) April 10, 2023

The survey featured numerous questions relating to U.S. cryptocurrency sentiment across age, race and gender demographics (the study’s methodology points out that certain minority groups were oversampled to reflect correct population proportions), with responses gathered from 10,071 study participants.

Those identifying as women and study participants over age 50 expressed the weakest sentiment, with only 10% and 8% of either demographic respectively having purchased at least some cryptocurrency. By contrast, about one in four U.S. adult men have invested in at least one.

Also of note, cryptocurrency use in the U.S. continues to differ by race. Per the report, “Some 24% of Asian adults and 21% of Black or Hispanic adults say they have ever i

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Author: Tristan Greene

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