Pew Research reports US crypto market driven by younger men. Adoption rates vary by age, gender, and race, but overall confidence is low.
The survey featured numerous questions relating to U.S. cryptocurrency sentiment across age, race, and gender demographics 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 US 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 invested in or used a cryptocurrency, compared with 14% of White adults.”previous Pew Center research , U.S. cryptocurrency adoption rates appear to be stalling out with only 16% of participants claiming to have tried crypto for the first time in the last year and only a single percentage increase in total adoption between 2021 and 2023.
On the bright side, the study indicates that around two-thirds of all U.S. adults who’ve invested in cryptocurrency continue to hold at least some.
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