Crypto fever rises to 79% in the US; with Bitcoin showing the most popularity
A global research firm has conducted a study that has proven cryptocurrencies are nothing but growing its popularity in the US with a percentage as high as 79% shown to be knowing at least one currency. And, Bitcoin (BTC) is the one that has earned the most acknowledgement among all the digital currencies. The research was conducted by YouGov, an international data and analytics group.
Apart from Bitcoin which were the other currencies involved in the research?
The research had listed 16 digital currencies in total, namely BTC, Ethereum, Litecoin, Zcash, Dash, Ripple, Monero, Cardano, Stellar, NEO, EOS, NEM, Dogecoin, Midseason/SafeCoin, Lisk and Storjcoin X. It stated that the people who took part in the study, of them 71% knew the name of Bitcoin. That was followed by Ethereum, which only 13% of the participants recognized.
However, while the percentage of people knowing Bitcoin is relatively high, 87% of them don’t trade in the same. “About half (49%) in this group say ‘I’m glad I didn’t buy Bitcoin earlier, and I don’t plan to buy it,’ while 15% say ‘I wish I had bought Bitcoin earlier, but I feel like it’s too late now.’ About one in five (21%) people between 35 and 54 chose this response, while only 11% of people 55 and up did,” the report said.
Position of cryptocurrencies in the next decade
The research has also highlighted which are the sections the crypto popularity lies the most. Generation wise, millennials have shown the most positivity about the adoption of cryptocurrencies. “Millennials (44%) are the most likely of any age group to say cryptocurrency will be widely accepted. About one-third (34%) of Gen X’ers and 29% of baby boomers agreed,” stated the report.
Gender wise, men have shown a stronger awareness in cryptocurrencies than women for nearly all types of cryptocurrencies mentioned. Twenty-seven percent of women were unfamiliar with any cryptocurrency, compared to 16% of men.
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