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Pew research on the usage of crypto-currency
24 January 2022     905

Pew research on the usage of crypto-currency

Pew, a nonprofit news organization, recently conducted a survey on cryptocurrency consumption (November 11).

Andrew Perrin, a research analyst at Pew, provides us with information from a survey that shows most Americans have at least heard of Bitcoin or Ether. And 16% say they have already made a personal investment, or participated in an exchange.


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In total, 86% of US adults say they have heard even a little about cryptocurrency, while 24% have heard quite a lot about it. 13% had no contact at all.

In 2015, the same center surveyed Americans specifically regarding Bitcoin. It turned out that at least 48% had at least heard something about it. Only 1% said they found any use for this particular cryptocurrency


Description of the research

According to a new survey, certain demographic groups are particularly likely to say they have used cryptocurrencies. The biggest difference is in terms of age and gender.


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10 to 3, 18 to 29 (31%) Americans say they have found an investment, exchange, or other use for Bitcoin or Ether, compared to a smaller number of other senior groups. 2 times more likely for a man to use it than a woman (22% & 10%)

These differences are especially pronounced when we take age and gender together. 4 out of 10 men, aged 18 to 29 (43%), say they have found something to use for cryptocurrency. Relatively the same thing is repeated by only 19% of women. With age, the chances of women and men using cryptocurrency decreases.

The use of cryptocurrency in the past is more likely among Asians, people of color, and Latinos than among whites.

While most demographic groups say they have at least heard something about crypto, relatively only a small fraction have heard much. Adults under 50 (31%) or men (35%) are more likely to hear a lot about this topic than older people (16%) or women (15%).

The number of adults who have heard things about crypto varies with race, ethnicity, and family income. For example, 43% of Asian Americans have heard a lot about this topic, compared to 29% of Latinos and 25% of whites. The same goes for Americans with high incomes (31%), middle-income (25%) and low-income (21%).

These studies are published at a time when state leaders and others are debating the regulation of cryptocurrency - which is presented as a digital, encrypted, and decentralized medium of exchange, without a central authority that manages or maintains its value. Financial regulators are worried about controlling cryptocurrencies and have expressed skepticism about the long-term potential of such currencies (such as Bitcoin).

China recently banned crypto-transactions; US Fed Chairman Jerome Powell said they needed more regulation as the Biden administration tried to combat ransomware by attacking cryptocurrencies. El Salvador, meanwhile, announced in September that it would be the first country to recognize Bitcoin as a legal tender.
You can review the methodology here.


MyGo & Crypto

We, MyGo, strive to provide designers with as much information as possible about this field. This period has both great potential and great risks, although it is possible to avoid serious dangers with such reliable sources that we mainly use.


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Even NFT markets are interesting tools for different types of designers, so it would not be unreasonable to focus on this topic periodically; We are skeptical and constructive about the issue.

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