Number of Americans Who Own Crypto Might Be Much Higher Than You Think

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Sun, 01/31/2021 - 10:29
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Alex Dovbnya
Here’s how many Americans own cryptocurrencies, according to Coinbase co-founder Fred Ehrsam
Number of Americans Who Own Crypto Might Be Much Higher Than You Think
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According to a recent tweet posted by Coinbase co-founder Fred Ehrsam, a whopping 10 percent of people now own cryptocurrencies in the United States.  

This means that roughly 33 million Americans have purchased crypto, which appears to be an incredibly large number.         

Coinbase surpasses 40 million users  

Since Ehrsam’s pithy tweet didn’t include a link to any survey that would back up his claim, many took the aforementioned data with a pinch of salt.  

According to a Coinbase survey that was published back in 2019, 58 percent of Americans were aware of Bitcoin. California, New Jersey, and Washington were named as the states with the highest level of participation in the cryptocurrency economy. Meanwhile, Delaware had the largest amount of crypto per one user.

the US
Image by blog.coinbase.com

Over the past two years, the crypto industry has made a tremendous leap toward mainstream adoption, with searches for Bitcoin recently reaching a three-year high.     
  
Earlier this month, Coinbase, the San Francisco-based crypto exchange spearheaded by early Bitcoin adopter Brian Armstrong, revealed that it had 43 million users, without specifying how many of them are from America.

Even if the 10 percent estimation is accurate, there is still plenty of room for growth given that 55 percent of Americans own stocks, according to a 2020 Gallup survey.

Related
Bitcoin Ownership Getting More Centralized

The U.K. is ahead in terms of crypto ownership      

Across the pond, cryptocurrency adoption is taking off at an even faster pace. Earlier this week, cryptocurrency exchange Gemini revealed that more than 13.5 percent of Brits owned cryptocurrencies. Notably, female crypto investors accounted for 41.6 percent of all U.K. cryptocurrency owners.

As reported by U.Today, 30 percent of Londoners now own cryptocurrencies, which is the highest percentage across Great Britain. 

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.

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