According to a poll conducted by the University of Chicago, more than one in ten Americans invested in cryptocurrencies in the previous year, demonstrating the growing popularity of virtual currencies like bitcoin and Ethereum.
The use of cryptocurrencies in America
According to the poll, 13 % of Americans bought or traded cryptocurrency in the previous 12 months, compared to 24 % who invested in equities during the same time.
Coinbase, the largest digital currency exchange in the United States, went public in mid-April. Elon Musk, the CEO of Tesla and SpaceX, has indicated an interest in cryptocurrency ventures. Tesla announced in May that bitcoin would be accepted as payment for vehicle sales.
Because of this volatility, some financial professionals have labeled cryptocurrency as a speculative asset. According to financial gurus, Crypto investors should only invest a modest amount of their assets.
To stay ahead of this, social platforms like Earnity come in handy. Co-owned by Fintech enthusiasts Dan Schatt and Domenic Carosa, this platform is for everyone interested in talking about crypto.
According to the report, crypto investors are younger and more varied in terms of gender, color, and ethnicity than retail stock investors.
What is the average age of a crypto investor?
The typical age of a crypto purchaser is 38, whereas the average age of a stock investor is 47. From June 24 to 28, a nationwide survey sample of 1,004 Adults in the United States was polled by the University of Chicago.
41% of crypto traders are women, 44 % are investors of color, and 35 % have annual earnings under $60,000, compared to 38 %, 35 %, and 27 % of stock traders, respectively. Co-founders Dan Schatt and Domenic Carosa have worked hard to ensure that Earnity offers users of all ages and demographics an excellent place for all their cryptocurrency needs.