Cryptocurrency: Bitcoin
Money News Briefs

Women’s Interest in Cryptocurrency Growing in the U.S., Report Finds

Gemini, a crypto exchange and custodian, recently released a comprehensive report of the U.S. crypto market. The data gathered from a nationally representative survey of 3,000 U.S. adults points to a significant expansion and diversification of the nation’s crypto investors.

The 2021 State of US Crypto Report examines these trends. The research illustrates how attributes like gender, age, income and location are changing from the typical crypto investor. According to the report, the number of cryptocurrency investors is set to double this year. In addition, older women make up the majority of the “crypto curious” — those on the brink of investing — and many of whom are nearing retirement.

The survey also revealed that there are many more people who are crypto curious — 63 percent of U.S. adults — than who are completely disinterested in crypto — just 23 percent — indicating a promising future for crypto’s growth.

Cryptocurrency on the rise:

  • More women than men are among those interested in getting into cryptocurrency soon. 53 percent of those crypto curious reporting interest about investing in the asset class. Looking deeper, only a quarter of these crypto-curious women are under the age of 35. The other 25 percent are near retirement at 55 or older.
  • Education is crucial in converting crypto-curious consumers to actual holders. 39 percent of those who don’t hold cryptocurrency considering themselves “somewhat or very” knowledgeable about cryptocurrency. 60 percent identify as “not very” or “not at all” knowledgeable. A strong majority of U.S. adults (77 percent) indicate they are open to learning more about digital assets. This is regardless if they already own cryptocurrency or not.
  • The number of crypto investors is set to nearly double this year. 13 percent of U.S. adults planning to purchase crypto in the next 12 months.
  • The “average” crypto investor will be changing soon due to these new entrants. The current profile is a 38-year-old male making approximately $111,000 a year.
  • The next wave of crypto buyers are older and have slightly smaller yearly incomes. This is with an average age of 44 and an average household income of $107,000 a year

What lies ahead

“This new research signals a valuable and welcome diversification of crypto’s investor base. A broader set of participants establishes a positive long-term evolution of the market,” said Noah Perlman, Chief Operating Officer at Gemini. “Trading platforms that prioritize security and smart regulation, while making it simple for anyone to use, make cryptocurrencies accessible and attractive. We believe digital assets are a strategic part of a well-rounded portfolio and providing crypto education will help remove barriers to entry.”

For more insights, download the full report at https://www.gemini.com/state-of-us-crypto

These new survey findings complement the State of UK Crypto Report released by Gemini in March 2021. The UK has more women (41.6 percent) than the United States (26 percent) reporting they already own or owned, cryptocurrency.  The United States is catching up. Roughly the same proportion of total adults in the US and the UK (approximately 14 percent) own cryptocurrency. Gemini sees rapid growth happening on both sides of the Atlantic.