Approximately 63% of US adults are curious about cryptocurrencies, according to a new report from the Gemini cryptocurrency exchange. The report surveyed over 921 cryptocurrency owners and 3,000 consumers to find out about the consumer trends in the U.S. crypto market.
More Women Than Men Are Among The “Crypto-Curious”
The findings of the survey show that the average crypto investor who is already invested in digital assets is a 38-year-old male with a $111K annual income. The report, however, notes that 2021 will witness a diversification of the profile of the U.S crypto investors. This is because 63% of the respondents were labeled as crypto-curious, implying they don’t currently hold crypto but are interested in either learning more or investing in bitcoin and other cryptocurrencies soon.
Of the overall crypto investors in the U.S at the moment, only 26% are female. This remarkably pales in comparison to the 41.6% women in the U.K, per Gemini’s “State of UK Crypto” report in March. However, the report notes that this number could grow in the future as more women than men are interested in exploring crypto soon. In particular, the survey found that 53% of the crypto-curious respondents planning to soon buy cryptocurrencies are women.
COO of Gemini Noah Perlman said of the survey:
“This new research signals a valuable and welcome diversification of crypto’s investor base. A broader set of participants establishes a positive long-term evolution of the market.”
Number Of Crypto Investors To Double This Year
Gemini found that over 21 million US adults — or 14% of the population — are already invested in cryptocurrencies. Notably, 13% of the respondents are planning to buy crypto in the course of 2021. This will add up to around 19 million Americans, meaning that the total number of US crypto holders will likely double.
The survey also notes that the older demographic (people aged around 44) with a considerably lower annual income of $107K will form the next wave of cryptocurrency investors.
Meanwhile, Gemini will continue prioritizing security and smart regulation and educating people of the massive potential crypto benefits in order to eliminate barriers to entry.
The results of this Gemini survey do not differ much from survey results released by Piplsay in February, in which it was found that 25% of US citizens now own cryptocurrencies, with an additional 27% planning to buy digital assets in 2021.