The Into The Cryptoverse US Report by KuCoin — a global cryptocurrency exchange — revealed striking statistics regarding the positive dynamics of blockchain and digital currency adoption in the United States. According to the report, both the younger and older generations are leading the way in integrating cryptocurrencies into financial operations.
This survey provides valuable data on US investor sentiment. It shows that there have been an additional 5% in the number of people who are interested in investing, compared with the fourth quarter 2021. More than 8 million individuals have joined the decentralized space. This represents 27% of all Americans aged 18-60. According to these figures, a large number of cryptocurrency traders have used cryptocurrencies over the past six month or plan to.
As of the first quarter in 2022, 35% of all investors were women, which is an increase of 5% over one quarter. However, the survey showed that only 47% were female investors, which is still 17% more than those who were male.
The overall interest in cryptocurrency is on the rise also in America. A total of 59% of those surveyed stated that they are willing to increase their investments, largely due to the narrowing generation gap, which has seen a 7% increase in 42–50-year-old users.
These increases are due in large part to the growing returns of digital currency. The share of people earning more than $100,000 per year is up by as high as 7%. A contributing factor is the growing level of crypto education, as demonstrated by the survey which found that 58% of crypto investors knew digital assets in the first quarter 2021. Up to 71% claimed to have received information via social media.
As 37% of the respondents indicated, investors in America are increasingly turning to digital currency as a way of increasing their earning potential and quality of life. Millennials, Generations Z, and X lead this trend. As many as 48% of US crypto investors consider cryptocurrencies to be “the future of finance,” which is the top reason to invest across all age groups.
A combination of decreasing incomes and the increased use of digital currencies via social media, online education and other means is responsible for the increasing number of people entering decentralized spaces. The KuCoin Into The Cryptoverse US Report provides important statistical data about blockchain penetration. It is similar to earlier reports on Brazil, Africa, and Germany.