More than two-thirds of Americans now own cryptocurrency, ChainPlay and Storibleโs survey reveals.
A new survey from ChainPlay and Storible reveals that nearly 70% of Americans now own crypto, marking a big step for digital assets in the U.S. The survey, which included 1,428 participants, shows crypto is becoming a go-to investment for people of all ages.
Political events are playing a role, too. The win of Donald Trump pushed nearly 40% of Americans to put more money into crypto. Interestingly, 84% of these were first-time buyers, proving how major events can spark new interest in crypto.
Many Americans are also shaking up their portfolios to buy crypto. Over half (52%) said they sold stocks or gold to buy Bitcoin (BTC), while 20% have put more than 30% of their total investments into crypto. Clearly, people are betting big on the future of cryptocurrencies.
โLooking to the future, our survey reveals a strong sense of optimism in the crypto market. A majority (60%) of investors expect to double their holdings by 2025, signaling high confidence in the continued growth of digital currencies.โ
Chainplay
Younger generations are taking the lead in crypto adoption. Gen Z starts investing at an average age of 22, Millennials at 29, while Baby Boomers begin later, around age 50.
However, the rise of crypto hasnโt come without risks. According to the FBI, crypto-related scams are on the rise, with Americans losing over $5.6 billion in 2023 โ a 45% jump from 2022. The FBI received more than 69,000 complaints about crypto fraud, with investment scams making up 71% of the total losses, or about $3.96 billion.
