Number of Americans Owning Crypto Doubled in 2019: Finder

The number of Americans who own cryptocurrencies has almost doubled in 2019, from 7.95% in 2018 to 14.4%, according to a new survey by Finder.

36.5 million Americans own crypto

Finder, an Australia-based financial services firm, has surveyed 2,068 Americans to figure out that 36.5 million people in the United States own some form of crypto to date.

Titled “A rising number of Americans own crypto,” the survey was released on Oct. 14, as Finder tweeted.

Average $5,447 holdings versus $360 median amount

According to the survey, the average amount out of the totally owned crypto by Americans accounts for $5,447. However, as nearly three-quarters of respondents actually held less than this amount, the median amount — the value separating the higher part — of cryptocurrency owned by U.S. people stands at $360.

More than half of American crypto holders are considered as “crypto polygamists” as 55.4% of Bitcoin (BTC) owners surveyed by Finder claimed that they also own another form of cryptocurrency. Similarly to other surveys, Finder’s survey says that men own crypto at nearly twice the rate of women, with 19% of men surveyed claiming they hold some type of crypto versus just 10% of women.

3 Reasons to own and not own crypto

According to Finder, the majority of Americans are owning some form of cryptocurrency because they consider it a type of investment. As such, 61% of respondents claimed that own crypto for investment purposes, while just 29.3% said they use it for transaction purposes. Meanwhile, as much as 25.6% of U.S. people hold crypto because they want to store their money outside traditional financial institutions.

On the other hand, lack of ease of use apparently remains the main reason why Americans preferred to stay away from crypto in 2019. According to Finder, 47.9% responded that crypto is “too complicated or difficult to understand” as a reason not to invest in it. That category is followed by 45% of people who simply are not interested in crypto and 23% who believes that crypto is too risky to deal with.

The results of the new research slightly alters from another crypto-related research that was held earlier this year. On April 30, venture capital firm Blockchain Capital released a survey claiming that 11% of the American population owns Bitcoin.

In late September, another survey showed that 32% of Europeans believe that crypto is the future of online payments.

Source: cointelegraph.com

5 thoughts on “Number of Americans Owning Crypto Doubled in 2019: Finder

  1. My programmer is trying to convince me to move to .net from PHP. I have always disliked the idea because of the costs. But he’s tryiong none the less. I’ve been using Movable-type on several websites for about a year and am anxious about switching to another platform. I have heard fantastic things about blogengine.net. Is there a way I can transfer all my wordpress posts into it? Any kind of help would be greatly appreciated!|

  2. I think that what you said was very reasonable. However, think on this, what if you added a little content? I am not suggesting your content isn’t good., but what if you added a headline that grabbed folk’s attention? I mean BLOG_TITLE is a little vanilla. You might look at Yahoo’s front page and see how they create article titles to grab people to click. You might add a video or a pic or two to grab people excited about everything’ve written. Just my opinion, it could make your posts a little bit more interesting.|

  3. Hi there I am so happy I found your web site, I really found you by error, while I was looking on Aol for something else, Anyways I am here now and would just like to say cheers for a fantastic post and a all round exciting blog (I also love the theme/design), I don’t have time to browse it all at the moment but I have bookmarked it and also included your RSS feeds, so when I have time I will be back to read a lot more, Please do keep up the excellent job.|

  4. Hi! I understand this is sort of off-topic but I had to ask. Does operating a well-established blog like yours require a lot of work? I am completely new to blogging however I do write in my diary everyday. I’d like to start a blog so I can share my experience and feelings online. Please let me know if you have any kind of recommendations or tips for new aspiring blog owners. Appreciate it!|

  5. My programmer is trying to convince me to move to .net from PHP. I have always disliked the idea because of the costs. But he’s tryiong none the less. I’ve been using WordPress on a variety of websites for about a year and am concerned about switching to another platform. I have heard fantastic things about blogengine.net. Is there a way I can import all my wordpress content into it? Any help would be really appreciated!|

Leave a Reply

Your email address will not be published. Required fields are marked *

Language »