Coinbase survey indicates 20% of Americans own crypto Coinbase survey indicates 20% of Americans own crypto
Crypto ownership is highest among younger Americans — 36% of Gen Z and 30% of Millennials reportedly owning crypto assets.
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Updated: Feb. 27, 2023 at 3:46 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Morning Consult has published its survey findings on behalf of Coinbase exchange to reveal that 20% of Americans- representing about 5.3 million- own at least one crypto asset.
The cryptocurrency perception study was designed to examine how Americans perceived the current global financial system and their view about the future of the crypto market.
Americans prefer crypto over current financial system
From the report findings, about 80% of Americans indicated that the global financial system was unfair, expensive, and confusing, while 67% agreed that the system needs a complete overhaul.
On the other hand, Americans have expressed a favorable and optimistic view of crypto assets. About 52% of crypto investors indicated in the survey that crypto and blockchain will make the financial system fairer.
20% of Americans own crypto
The survey data from Morning Consult revealed that up to 20% (52.3 million) of Americans reportedly own some type of cryptocurrency, while 29% (75.5 million) have indicated interest to purchase crypto over the next 12 months.
Further insights from the report indicate that crypto ownership is highest among younger Americans with 36% of Gen Z and 30% of Millennials reportedly owning crypto assets.
Americans see crypto as the future
Despite the recent market decline and widespread contagion, about 65% of crypto investors in the U.S. said that the best days of crypto are ahead of us.
Significantly, about 70% of older investors and over 50% of Gen Z and Millennials expressed optimism that crypto and blockchain will redefine the future of finance.
In the long run, about 69% of crypto investors agreed that cryptocurrency is a worthwhile investment for the future.
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Christian Nwobodo
Christian is a crypto-curious nerd who loves to investigate how protocols work under the hood. Christian is interested in DeFi protocol research, token economics, and on-chain analytics.
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Coinbase
Coinbase is a digital currency exchange and wallet service that allows individuals to buy, sell, and store digital currencies, such as Bitcoin, Ethereum, and Litecoin.