Although many Americans have purportedly been made aware of cryptocurrencies, their use or investment is not common, according to research provided online by the Pew Research Center.
The American think tank Pew Research Center surveyed adult participants throughout the middle of September 2021. It found that 86 percent of participants have at least heard about cryptocurrencies, like Bitcoin.
The survey conducted also showed that around 16 percent of U.S. adult participants had personally invested in cryptocurrencies. 43 percent were men between the ages of 18 and 19.
“Roughly three-in-ten Americans ages 18 to 29 (31%) say they have ever invested in, traded or used a cryptocurrency such as Bitcoin or Ether, compared with smaller shares of adults in older age groups,” the Pew survey found. “Men are about twice as likely as women to say they ever used a cryptocurrency (22% vs. 10%).”
“Asian, Black and Hispanic adults are more likely than White adults to say they have ever invested in, traded or used a cryptocurrency. There are no statistically significant differences by household income,” the survey also found.