14% of Americans Own Crypto Right Now – Here’s Who’s Actually Doing It Right
g-stockstudio / Getty Images / iStockphoto
Gemini Crypto Exchange today released its Crypto Report for the US state 2021, finding that today's “average” crypto investor is a 38-year-old man with an annual income of around $ 111,000.
See: How does cryptocurrency work - and is it safe?
Find: How To Invest In Cryptocurrency - What You Should Know Before Investing
With the number of crypto investors set to double this year, according to the report, that profile could change. Today, more than 21.2 million adults, or about 14% of the US population, own cryptocurrencies such as Bitcoin or Ethereum. Gemini's research found that around 13% of respondents intended to purchase digital assets within the next 12 months.
Who are the crypto investors of tomorrow? Individuals with a median age of 44 and an annual salary of approximately $ 107,000. However, according to the results of the study, there may still be some women on the list. Of the 63% of adults who say they are "crypto-curious" 53% are women. These people say they are interested in investing in digital assets but want to learn more first. 26 percent of current US crypto owners are women.
The majority (74%) of cryptocurrency holders are between 25 and 44 years old today, with another 19% between 45 and 55 years old.
See: 4 Best Places to Buy and Sell Cryptocurrency
Find: Would you like to invest in Bitcoin but don't know how? We'll cover you
Education appears to be a crucial part of crypto growth for both investors and the "crypto-curious". Of the 3,000 respondents, 77% said they wanted to learn more about crypto, even if they already own cryptocurrency.
Of those surveyed who say they already own crypto, 33% consider themselves "very knowledgeable," while 12% say they are extremely knowledgeable. Forty-four percent say they are somewhat knowledgeable, while 11 percent of current investors rate themselves as “not very knowledgeable”.
Somewhat surprisingly, 39% of those curious about crypto classify themselves as “something” or “a lot” who are familiar with cryptocurrency. However, 60% rate their level of knowledge as very low, 46% state that they are “not very well informed” and 14% state that they are “not at all well informed”.
See: 10 Best Cryptocurrencies for 2021
Find: What is Chainlink and why is it important in the cryptocurrency world?
From this data, the Gemini report extrapolates that "the vast majority of crypto investors take the time to thoroughly understand this area before investing". The report also states, "The potential" next wave "of crypto buyers will continue to be informed and well researched about the purpose and potential of crypto."
With the crypto market slipping this week, it will be interesting to see if the number of investors rises above Gemini's predictions or if the crypto-curious population continues to watch and learn until they feel more confident about making informed investment decisions.
More from GOBankingRates
Money Is Most Influential: Where Do Americans Get Their Financial Advice From?
Don't miss your favorite small business's nomination for GOBankingRates - ends May 31st
"Rich Dad Poor Dad" Author Robert Kiyosaki: You Should Never Say "I Can't Afford This"
Everything you need to know about taxes this year
This article originally appeared on GOBankingRates.com: 14% of Americans currently own crypto - here's who is actually getting it right
You should check here to buy the best price guaranteed products.
Hoping to lure tourists, Greece reopens beaches
Dave Chappelle Talks About Elon Musk SNL Appearance, Tells Joe Rogan He “Used To Buy Weed” From Idris Elba
Apple and Epic Games are revealing a ton of industry secrets in court filings - from untold billions in 'Fortnite' profits to private email exchanges, these are the 5 juiciest bits
I quit processed foods for a month. It was time consuming and expensive, but it forced me into some healthier habits.
Inside the Trump administration’s plan to kill Qassem Soleimani
a Goal from Toronto Maple Leafs vs. Montreal Canadiens