While relatively few Americans overall say they have ever invested in, traded or used cryptocurrencies, the vast majority of Americans have heard about them. About one-in-five Black, Hispanic or Asian Americans say they have ever invested in, traded or used a cryptocurrency, compared with 13% of White Americans who say the same. There are also differences by race and ethnicity. And adults under age 50 (25%) are more likely than those 50 and older (7%) to be crypto users. Overall, men are 14 percentage points more likely than women to say they have used cryptocurrencies. About four-in-ten men ages 18 to 29 (42%) have used cryptocurrencies, compared with 17% of women in that age range. Certain groups are particularly likely to say they have used cryptocurrenciesĪs the Center found in the 2021 survey, men ages 18 to 29 stand out for saying they have ever invested in, traded or used a cryptocurrency such as bitcoin or ether. Smaller shares cite being more confident in cryptocurrencies than other investments (39%) and wanting to be part of a community (33%) as at least a minor reason for investing. Some 54% say at least a minor reason is that they think crypto is easier to get into than other ways to invest. The new survey also explores the reasons people have for investing in cryptocurrencies.Īmong the 16% of Americans who say they have ever invested in, traded or used a cryptocurrency, about three-quarters say that a major or minor reason is that they want a different way to invest (78%) or that it is a good way to make money (75%). As always, Asian adults’ responses are incorporated into the general population figures throughout this report. Despite this limitation, it is important to report the views of Asian Americans on the topics in this study.
The sample primarily includes English-speaking Asian Americans and, therefore, may not be representative of the overall Asian adult population. This survey includes a total sample size of 234 Asian adults. Here are the questions used for this analysis, along with responses, and its methodology. adult population by gender, race, ethnicity, partisan affiliation, education and other categories. The survey is weighted to be representative of the U.S. It also included an oversample of 1,038 respondents from Ipsos’ KnowledgePanel who indicated that they are lesbian, gay or bisexual (LGB), with oversampled groups weighted back to reflect proportions in the population. This included 4,996 respondents from the Center’s American Trends Panel (ATP), an online survey panel that is recruited through national, random sampling of residential addresses.
This survey was conducted among 6,034 U.S. Pew Research Center conducted this study to examine the ways technology is transforming how Americans invest and make purchases.
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