Tuesday, May 17, 2022

One in ten US adult Internet users own cryptocurrency

(MENAFN- ValueWalk) WorldSpectrum / Pixabay

According to Finder’s latest Cryptocurrency Adoption Index, 10% of US adult internet users, or an estimated 27.1 million people, own cryptocurrencies.

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This is well below the global average of 15%, meaning the United States ranks 22nd out of 27 countries for cryptocurrency ownership.

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US Cryptocurrency Ownership Rates

Bitcoin (44%) is the most popular coin among US crypto owners, followed by Ethereum and Dogecoin (32% each).

Finder.com’s crypto editor Keegan Francis is not surprised that adoption is low in the United States, as awareness of cryptocurrencies is much lower than in the other countries surveyed.

“Only 59% of Americans know what cryptocurrency is, while in countries like Australia, Nigeria, and Norway, more than 70% are familiar with crypto,”

“Not only that, but only one in four think cryptocurrencies are a good investment,”

“This is in stark contrast to Nigeria’s 81% and the Philippines’ 71%, where the ownership rate is also above average.”

However, Francis said that it seems that interest in the crypto market has increased over the past year.

“According to Google Trends data, search volume for cryptocurrency has increased by about 66% annually. It will be interesting to see whether this increase in search volume translates into higher ownership rates over time.”

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Percentage of Adults Owning Cryptocurrency:

  • Vietnam: 29%
  • India: 23%
  • Australia: 23%
  • Indonesia: 22%
  • Philippines: 22%
  • Nigeria: 21%
  • Malaysia: 20%
  • Russia: 20%
  • Ghana: 17%
  • Hong Kong: 16%
  • Singapore: 16%
  • Kenya: 16%
  • Argentina: 15%
  • Mexico: 15%
  • Venezuela: 15%
  • Colombia: 14%
  • Brazil: 14%
  • Norway: 13%
  • Canada: 13%
  • Ireland: 12%
  • South Africa: 11%
  • United States: 10%
  • Sweden: 10%
  • New Zealand: 9%
  • Germany: 8%
  • United Kingdom: 6%
  • Japan: 6%
  • You can read the full report here.

    Updated Jan 27, 2022 at 11:07 am

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