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Americans own Bitcoin despite 2022 events: Report

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Americans own Bitcoin despite 2022 events: Coinbase

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  • 20% of Americans own at least one crypto asset, as per a Coinbase survey.
  • Younger Americans – 36% Gen Z and 30% millennials – reportedly own crypto assets.

Morning Consult has published the findings of its survey on behalf of the Coinbase exchange, revealing that 20% of Americans, or approximately 5.3 million people, own at least one crypto asset. Younger Americans are the most likely to own cryptocurrency. Inasmuch, 36% of the Gen Z populace and 30% Millennials reportedly own crypto assets.

The study sought to ascertain how Americans perceived the current global financial system. Additionally, it analyzed their outlook on the future of the crypto market.

Approximately 80% of Americans believed that the global financial system is unfair, expensive, and confusing. 67% of Americans said that the system needed to be overhauled.

Americans have expressed a favorable and optimistic view of crypto assets. According to the survey, approximately 52% of crypto investors believe that cryptocurrency and blockchain will make the financial system more equitable.

According to the study, up to 20% (52.3 million) of Americans own some type of cryptocurrency, while 29% (75.5 million) have expressed interest in purchasing cryptocurrency over the next 12 months.

Assets like Bitcoin can redefine finance

Approximately 65% of crypto investors in the United States believe that the best days of crypto are yet to come. This sentiment prevails despite the fact that the crypto market witnessed adverse reactions in the past few months.

Approximately 70% of older investors and over 50% Gen Z and Millennials believed that crypto and blockchain would redefine the future of the financial world.

Approximately 69% of cryptocurrency investors agreed that cryptocurrency was a worthwhile future investment in the long run.

Coinbase polled over 2,000 American adults to find out what they thought about the current global financial network and how they felt about digital assets. Despite the turbulent events of 2022, 20% of participants admitted to owning Bitcoin [BTC] or alternative coins.

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Saman Waris works as a News Editor at AMBCrypto. She has always been fascinated by how the tides of finance and technology shape communities across demographics. Cryptocurrencies are of particular interest to Saman, with much of her writing centered around understanding how ideas like Momentum and Greater Fool theories apply to altcoins, specifically, memecoins. A graduate in history, Saman worked the sports beat before diving into crypto. Prior to joining AMBCrypto 2 years ago, Saman was a News Editor at Sportskeeda. This was preceded by her stint as Editor-in-Chief at EssentiallySports.
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