As of May 2022 data, new crypto adoption in the US was primarily driven by high-income earners, millennials and Generation Z adults. Baby Boomers remained largely disinterested in cryptocurrency. This is as per the July 2022 Morning Consult crypto report “Our Analysts on the State of Cryptocurrency.”
The report showed that crypto owners in the US were more ethnically diverse, with 58% of all crypto owners identified as white and 41% as nonwhite. According to the respondents, the most popular cryptocurrency owned by US adults was Bitcoin (75%), followed by Ethereum (49%), Dogecoin(40%) and USD Coin (37%).
According to the report, adult crypto owners were found to be embracing traditional financial services, with crypto owners using Banks (88%), Credit Unions (47%), Credit Card Companies (79%) and Digital Banks (62%). Crypto owners were also found to use alternative financial services more than the general population.
As per the report, 66% of crypto owners viewed crypto as an asset....
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...