Who owns cryptocurrency? More young people, more men and more Republicans
Cryptocurrency is a young man’s game – at least according to the new results of the NBC News decision -making office propelled by Surveymonkey.
Young men are much more likely to say that they have owned or used cryptocurrencies, and they are much more likely than other crypto owners to consider their investment as a rapid way to earn money, according to the survey.
Crypto owners are a relatively small part of the adult population: only 2% say they have or regularly exchange cryptocurrencies, while 11% say that the fact occasionally.
Another 21% said they did not have crypto but that it interested in it, while the remaining two -thirds of adults say they don’t have crypto and are not interested in it.
Men (18%) are much more likely to say that they have or exchange crypto than women (7%) – and the gap is particularly pronounced among the young generations.
Among adult men under the age of 30, 20% say they have or exchange crypto, while only 6% of elderly women in the same way say the same thing.
Twice as many men aged 30 to 44 (26%) that women in this age group (13%) also say they have or exchange a crypto.
There is another division along the festive lines. Twice as many Republicans (18%) say they have or exchange a crypto as a democrats (9%). President Donald Trump’s administration has decided to promulgate new policies aimed at adopting crypto, and his family have also launched their own crypto companies in recent months.
The youngest questioned also say that they have different motivations to use cryptocurrency than others.
When they asked them for the main reason they used cryptocurrency, the most popular response among men aged 18 to 29 (25%) is that it is a “quick way to earn money”. It is compared to 15% of the global adult population who said the same thing.
The two most popular responses for these young men were “easier to get started than other ways of investing” and that they “want to be part of the cryptographic community” – the two responses that have led the pack among the general adult population.
Among women aged 18 to 29 who say they have used cryptocurrency, the perception that it is an easier way to invest is the most salient, with 32% of these young women sharing this point of view.
The results also show a difference in the motivations of crypto users with different educational history, with higher shares of university education adults saying that they believe that Crypto has an obstacle to the lower entry compared to other investment options.
Thirty percent of those who have secondary or less studies say that it is their main reason to use cryptocurrency, compared to 26% of people with college studies. Nineteen percent of college graduates and 16% of third cycle diplomas agree.
