Recent data from Coinbase reveals that the adoption rate of cryptocurrency is skyrocketing among Americans. A national survey commissioned by Coinbase found that one in five U.S. adults currently own crypto, which is a staggering 20% of the population. Additionally, 29% of U.S. adults plan to buy or trade crypto in the next 12 months, showing a strong interest in cryptocurrency as an investment asset. This rapid growth in cryptocurrency adoption has been fueled by the belief that crypto can be a powerful part of the solution for modernizing the financial system, with the majority of Americans evidently believing so.
Cryptocurrency Adoption Rates Growing Rapidly among Americans, According to Coinbase Survey
Coinbase, one of the world’s most popular cryptocurrency exchanges, recently commissioned a nationwide survey of 2,202 participants from the general population conducted by Morning Consult. The survey was designed to understand Americans’ attitudes and experiences with cryptocurrency. The results of the survey showed that 80% of Americans think the global financial system unfairly favors powerful interests, and 67% of Americans agree that the financial system needs major changes or a complete overhaul.
Surprisingly, 20% of Americans currently own some type of cryptocurrency and 29% are likely to buy or trade crypto in the next 12 months. This is a significant increase compared to last year when 16% of American adults said they owned cryptocurrency in 2019. Among those who own crypto, 76% agree that cryptocurrency and blockchain are the future. Interestingly, people of color and younger Americans are those who are most likely to believe this statement.
Coinbase has seen rapid growth since it was founded in 2012. Their trading platform now has more than 110 million verified users and is one of the most well-known crypto exchanges in the world. Coinbase provides an easy way for crypto beginners to purchase different types of cryptocurrencies like Bitcoin, Ethereum, Litecoin and more. With their user-friendly platform and secure encryption technologies Coinbase continues to be a leader in the crypto market space.
The results from this survey by Coinbase show that more and more Americans are embracing cryptocurrencies as part of their financial portfolios. This development is encouraging for those who believe that blockchain technology holds great potential for revolutionizing the global financial system. As awareness about cryptocurrencies increases among the general population, we will continue to see adoption rates for digital assets grow significantly in the years to come.
The Coinbase survey shows that cryptocurrency is becoming increasingly mainstream in the US, and that over 20% of US adults now own some form of crypto. This is a powerful indicator of the increasing acceptance of cryptocurrency as a viable form of payment and store of value, and is likely to encourage further investment by both individuals and institutions. With the right economic and regulatory conditions, it’s likely that this number will continue to grow in the years to come.